Forex reserves held by SBP rise by 6.19pc to $16.3b

Karachi: The total liquid foreign reserves held by the country stood at $21,358.0m on June 23, 2017. A weekly increase of 6.19pc has been reported according to statistics released by the State Bank of Pakistan (SBP) on Thursday.

A SBP statement here on Thursday said that the break-up of the foreign reserves position is as follows; foreign reserves held by SBP are $ 16,376.0m, net foreign reserves held by commercial banks are US$ 4,982.0m and total liquid foreign reserves $ 21,358.0m.

During the week ending June 23, 2017, SBP’s reserves increased by $955m to $16,376m, due to official inflows including $622m from ADB and $106m from World Bank, the SBP statement added.

Must Read

Trump denies reports of $30 billion U.S. nuclear offer to Iran

President calls media claims a “hoax” as tensions ease after U.S.-Iran-Israel ceasefire; indirect nuclear talks with Tehran continue