Liquid Foreign Reserves Position

December 16, 2015 Off By Web Desk

Karachi: State Bank of Pakistan (SBP) Thursday said the total liquid foreign reserves held by the country stood at US$20,709.3 million on 11December2015.The break-up of the foreign reserves position is as under:-

i) Foreign reserves held by the State Bank of Pakistan: US$ 15,719.3 million

ii) Net foreign reserves held by banks : US$ 4,990.0 million

iii) Total liquid foreign reserves : US$ 20,709.3 million

During the week ending 11December2015, SBP’s Liquid FX Reserves increased by US$278 million to US$15,719 million, compared to US$15,441 million in the previous week. The increase in reserves is attributed to receipts of US$300 million on account of long-term syndicated financing for Government of Pakistan.