Karachi, May 22, 2014 (PPI-OT): The total liquid foreign reserves held by the country stood at $13,132.8 million on 16May2014.The break-up of the foreign reserves position is as under: –
i) Foreign reserves held by the State Bank of Pakistan: $ 8,320.3 million
ii) Net foreign reserves held by banks : $ 4,812.5 million
iii) Total liquid foreign reserves : $ 13,132.8 million
During the week ending 16May2014, SBP’s Liquid FX Reserves increased by $300 million to $8,320 million compared to $8,020 million in the previous week. The increase in the Central Bank reserves is primarily attributed to inflows of $507 million from multilateral, bilateral, and other official sources.
During the week ending 16May2014, 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.
For more information, contact:
State Bank of Pakistan (SBP)
Tel: +9221 3921 2562
Fax: +9221 3921 2563