Foreign exchange: SBP’s reserves up 0.7%, amount to $13.556b

KARACHI:

Foreign exchange reserves held by the State Bank of Pakistan (SBP) increased 0.7% on a weekly basis on September 4, according to data released by the central bank on Thursday.

SBP’s liquid foreign exchange reserves increased $95 million to $13,556 million compared to $13,461 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 $18,598 million while net reserves held by banks amounted to $5,042.3 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 (CSF).

In the week ending on July 3, SBP-held foreign exchange reserves had also registered an increase of 3.8%.

Published in The Express Tribune, September 11^th,  2015.

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