Pakistan’s liquid Forex position

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.

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