Pakistan's Forex Reserves Rise after Saudi Arabia places Funds with SBP

By MG News | November 22, 2018 at 07:45 PM GMT+05:00

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According to data released by the State Bank of Pakistan, the total liquid foreign reserves held by the country stood at US$13,715.0 million on November 16, 2018

**Summary of Holding and Weekly Change**
Foreign reserves held by	Nov 16, 2018	Nov 09, 2018	Change	% Change
State Bank of Pakistan	7,286.50	7,482.90	-196.40	-2.62%
Net Foreign Reserves Held by Banks	6,428.50	6,349.10	79.40	1.25%
Total Liquid Foreign Reserves	13,715.00	13,832.00	-117.00	-0.85%

Amount in USD Million

SBP’s reserves decreased due to external debt servicing and other official payments.

SBP received US$ 1,000 million on November 19, 2018 as placement of funds by Saudi Arabia, after which SBP’s reserves stood at US$8,293.9 million and total liquid foreign reserves at US$14,722.4 million.

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