Liquid foreign reserves reach US$17,749.1m

KARACHI: State Bank of Pakistan (SBP) on Thursday announced that Pakistan’s liquid foreign reserves stood at US$17,749.1 million on 15 May 2015.

The break-up of the foreign reserves position is as under: Foreign reserves held by SBP are US$ 12,511.7 million; Net foreign reserves held by banks remains US$ 5,237.4 million and Total liquid foreign reserves stood US$ 17,749.1 million.

During the week ending 15 May2015, SBP’s Liquid FX Reserves decreased by US$38 million to US$12,512 million, compared to US$12,550 million in the previous week.

During the week SBP made payments of US$63 million on account of external debt servicing. No major inflow was recorded during the week.

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