Foreign exchange reserves held by the State Bank of Pakistan (SBP) increased 13.4% on a weekly basis on October 2, according to data released by the central bank on Thursday.
SBP’s liquid foreign exchange reserves increased by $1,794 million to $15,202 million compared to $13,408 million in the preceding week.
During the week, the SBP received $505 million from the International Monetary Fund (IMF), $500 million as proceeds of the Pakistan International Bonds, $376 million under the Coalition Support Fund (CSF) and $263 million as syndicate financing for the government of Pakistan.
Total liquid foreign reserves held by the country, including net reserves held by banks other than the SBP, stood at $20,054.2 million while net reserves held by banks amounted to $4,852.2 million.
Published in The Express Tribune, October 9th, 2015.