Foreign exchange: Reserves remain flat
SBP’s liquid foreign exchange reserves increased $3 million to $13,461
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.
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.
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.