Karachi: State Bank of Pakistan (SBP) here Thursday announced that the total liquid foreign reserves held by the country stood at $8,316.9 million on 10 Jan 2014.The break-up of the foreign reserves position is as under: -
i) Foreign reserves held by the State Bank of Pakistan: $3,467.2 million ii) Net foreign reserves held by banks (other than SBP): $4,849.7 million iii) Total liquid foreign reserves: $8,316.9 million
During the week ending 10Jan2014, SBP’s Liquid FX Reserves increased by $222 million to $3,467 million compared to $3,245 million in the previous week. The increase in the Central Bank reserves is partly attributed to US$58 million received from multilateral and bilateral sources; which include US$35 million from USAID and US$23 million from other multilateral institutions.
On account of external debt servicing and other official payments, SBP has made payments of US$36 million, of which US$26 million was paid to IMF, from its reserves during the week ending 10 Jan 2014.