PHOTO: FILE
KARACHI:
Foreign exchange reserves held by the State Bank of Pakistan (SBP) remained flat on a weekly basis on August 28, according to data released by the central bank on Thursday.
SBP’s liquid foreign exchange reserves increased $3 million to $13,461 million compared to $13,458 million in the previous week.
Total liquid foreign reserves held by the country, including net reserves held by banks other than the SBP, stood at $18,497 million while net reserves held by banks amounted to $5,036.5 million.
In the week ending July 31, SBP’s liquid foreign exchange reserves increased 2.8% to $13,767 million because of official inflows of $418 million, which included receipts of $337 million under the Coalition Support Fund.
In the week ending on July 3, SBP-held foreign exchange reserves had also registered an increase of 3.8% because of $514 million received from multilateral and bilateral sources, including $506 million received from the IMF under the Extended Fund Facility.
Published in The Express Tribune, September 4th, 2015.
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