SBP issues lasts forex reserves position

Karachi: The State Bank of Pakistan Thursday said the total liquid foreign reserves held by the country stood at $8,168.4 million on 17Jan2014.The break-up of the foreign reserves position is as under: -

i) Foreign reserves held by the State Bank of Pakistan: $3,322.3 million

ii) Net foreign reserves held by banks (other than SBP): $4,846.1 million

iii) Total liquid foreign reserves: $8,168.4 million

During the week ending 17 Jan2014, SBP’s Liquid FX Reserves decreased by $145 million to $3,322 million compared to $3,467 million in the previous week. The decrease in the Central Bank reserves is partly attributed to US$59 million paid on account of external debt servicing and other official payments.

During the week, there was no significant inflow from multilateral and bilateral sources.

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