Pakistan’s liquid foreign reserves increase

KARACHI: The total liquid foreign reserves held by the country stood at $ 20,686.7 million on December 8, the State Bank of Pakistan (SBP) announced, here on Thursday.

It said that the breakup of the foreign reserves position is as under:

  1. Foreign reserves held by the SBP: $ 14,666.3 million
  2. Net foreign reserves held by commercial banks: $ 6,020.4 million
  3. Total liquid foreign reserves: $ 20,686.7 million.

During the week ending December 08 2017, SBP’s reserves increased by $ 2,006 million to $ 14,666 million.

The change in reserves was due to proceeds from Pakistan International Bonds and payments on account of external debt servicing and other official outflows.

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