Foreign exchange reserves held by the State Bank of Pakistan (SBP) decreased 0.6% on a weekly basis on October 30, according to data released by the central bank on Thursday.
SBP’s liquid foreign exchange reserves decreased by $97 million to $14,821 million compared to $14,918 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 $19,811.6 million while net reserves held by banks amounted to $4,990.8 million.
Three weeks ago, SBP-held reserves increased 13.4%, or $1,794 million, after the central bank 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.
Published in The Express Tribune, November 6th, 2015.