Forex reserves of the country increased by $329.2 million and stood at $22.152 billion this week, compared to $21.822 billion on February 28, 2017.
Total liquid foreign reserves held by the country stood at $22.152 billion on 03 March, 2017.The break-up of the foreign reserves position is as following:-
The reserves held by the State Bank stood at $17.140 billion this week up by $389 million compared to $16.851 billion on February 28. Meanwhile, the net foreign reserves held by the commercial banks stood at $5.012 billion up by $40.7 million and stood at $5.012 billion.
State Bank said, “during the week SBP received $350 million under Coalition Support Fund and made payments of $62 million on account of external debt servicing in last week.”
According to the news, Pakistan Stock Exchange (PSX) received $85 million this week from a Chinese consortium as sale proceeds of 40 per cent strategic equity stake in the bourse.
