SBP Liquid FX Reserves increased by $300m

KARACHI: During the week ending 16 May 2014, State Bank of Pakistan’s (SBP) Liquid Foreign Exchange Reserves increased by $300 million to $8,320 million compared to $8,020 million in the previous week, an SBP released said on Thursday.

It said that the increase in the Central Bank reserves was primarily attributed to inflows of $507 million from multilateral, bilateral, and other official sources.

During the week on account of external debt servicing and other official payments, SBP has made payments of US$207 million from its reserves. This includes $148 million payment to IMF under SBA.

The total liquid foreign reserves held by the country stood at $13,132.8 million on 16 May. Foreign reserves held by the State Bank of Pakistan were $ 8,320.3 million. Foreign reserves held by banks were $ 4,812.5 million while the total liquid foreign reserves were $ 13,132.8 million.

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