Pakistan’s Forex Reserves up 6.04 percent after fund placement by Saudi Arabia

According to data released by the State Bank of Pakistan, the total liquid foreign reserves held by the country stood at USD 14,584.50 million on December 14, 2018.

Summary of Holding and Weekly Change

Foreign reserves held by Dec 14, 2018 Dec 07, 2018 Change % Change
State Bank of Pakistan 8,048.30 7,260.40 787.90 10.85%
Net Foreign Reserves Held by Banks 6,536.20 6,493.50 42.70 0.66%
Total Liquid Foreign Reserves 14,584.50 13,753.90 830.60 6.04%

Amount in USD Million

SBP received inflow of US$ 1.0 billion from Saudi Arabia. After taking into account outflows relating to external debt and other official payments, SBP reserves increased by US$ 788 million during the week.

Posted on: 2018-12-20T22:00:00+05:00