Pakistan’s liquid foreign reserves increase due to inflows

KARACHI: The State Bank of Pakistan (SBP) on Thursday said the total liquid foreign reserves held by the country stood at $16,385.7 million on 29 June 2018.

Foreign reserves held by the State Bank of Pakistan amounted to $9,788.8 million. The net foreign reserves held by commercial banks to $ 6,596.9 million and the total liquid foreign reserves totalled to $16,385.7 million.

During the week ending 29 June 2018, SBP’s reserves increased by $126 million to $9,789 million, due to official inflows.

 

Must Read

Honda, Nissan agree to discuss merger forming world’s third-largest automaker

The combined entity projects to generate $191 billion in revenue, $19 billion profit, with Honda nominating majority board members