Karachi, May 08, 2014 (PPI-OT): The total liquid foreign reserves held by the country stood at $12,044.3 million on 02May2014.The break-up of the foreign reserves position is as under: –
i) Foreign reserves held by the State Bank of Pakistan: $ 7,240.2 million
ii) Net foreign reserves held by banks : $ 4,804.1 million
iii) Total liquid foreign reserves : $ 12,044.3 million
During the week ending 02May2014, SBP’s Liquid FX Reserves increased by $198 million to $7,240 million compared to $7,042 million in the previous week. The increase in the Central Bank reserves is primarily attributed to inflows of $403 million from multilateral and bilateral sources, of which $400 million were received from Asian Development Bank (ADB).
During the week ending 02May2014, on account of external debt servicing and other official payments, SBP has made payments of US$210 million from its reserves.
For more information, contact:
State Bank of Pakistan (SBP)
Tel: +9221 3921 2562
Fax: +9221 3921 2563