Pakistan’s liquid foreign reserves increase

KARACHI: The State Bank of Pakistan (SBP) here Thursday said the total liquid foreign reserves held by the country stood at $16,798.0 million on 14 June 2018.

The foreign reserves held by the State Bank of Pakistan were recorded at $10,264.3 million, while the net foreign reserves held by commercial banks stood at $6,533.7 million. The total liquid foreign reserves were recorded at $16,798.0  million

During the week ending 14 June 2018, SBP’s reserves increased by $198 million to $10,264 million, due to official inflows.

Must Read

Govt to borrow Rs5.3 trillion via treasury bills to finance budget...

With plans to raise Rs 3.6 trillion through Treasury bills and Rs 1.7 trillion via Pakistan Investment Bonds, the government continues reliance on local markets to fund its fiscal needs