Friday , November 27 2020
Breaking News
Home / Markets / Currencies / Forex reserves reach up to $ 7,994 million
Forex reserves reach up to $ 7,994 million

Forex reserves reach up to $ 7,994 million

KARACHI: Pakistan’s total liquid foreign exchange reserves stood at $ 7,994.2 million on 14 Feb 2014. Foreign reserves held by State Bank of Pakistan were $ 3,196.7 million. Net foreign reserves held by banks were $ 4,797.5 million.

According to SBP weekly report, reserves increased by $ 356 million at the end of the week. The increase in reserves is attributed to $ 406 million official inflows during the week which include $ 353 million received under Coalition Support Fund, $ 53 million from multilateral and bilateral sources. During the week ending 14 Feb 2014, on account of external debt servicing and other official payments, SBP has made payments of $150 million from its reserves; which include $147 million paid to IMF under SBA.