Liquid foreign reserves reach US$14,637.7m


KARACHI: The total liquid foreign reserves held by the country stood at US$14,637.7 million on 04 July 2014. The break-up of the foreign reserves position is as under: foreign reserves held by the State Bank of Pakistan (SBP) are US$ 9,602.3 million; net foreign reserves held by banks US$ 5,035.4 million and total liquid foreign reserves US$ 14,637.7 million

During the week ending 04July2014, SBP’s Liquid FX Reserves increased by US$569 million to US$9,602 million compared to US$9,033 million in the previous week. The increase in SBP reserves is mainly attributed to receipts of US$556 million from IMF under EFF.

During the week ending 04 July 2014, on account of external debt servicing and other official payments, SBP has made payments of US$78 million from its reserves.

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