Foreign exchange: SBP’s reserves down to $14.704b
Total liquid foreign reserves held by the country stood at $19,746.3 million
PHOTO: AFP
KARACHI:
Foreign exchange reserves held by the State Bank of Pakistan (SBP) decreased 0.8% on a weekly basis on November 6, according to data released by the central bank on Thursday.
Total liquid foreign reserves held by the country, including net reserves held by banks other than the SBP, stood at $19,746.3 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, $500 million as proceeds of the Pakistan International Bonds, $376 million under the Coalition Support Fund and $263 million as syndicate financing for the government.
Published in The Express Tribune, November 13th, 2015.
Foreign exchange reserves held by the State Bank of Pakistan (SBP) decreased 0.8% on a weekly basis on November 6, according to data released by the central bank on Thursday.
SBP’s liquid foreign exchange reserves decreased by $117 million to $14,704 million compared to $14,821 million in the previous week. The decrease in reserves is mainly attributed to the payments of $108 million on account of external debt servicing.
Total liquid foreign reserves held by the country, including net reserves held by banks other than the SBP, stood at $19,746.3 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, $500 million as proceeds of the Pakistan International Bonds, $376 million under the Coalition Support Fund and $263 million as syndicate financing for the government.
Published in The Express Tribune, November 13th, 2015.