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

By MG News | December 20, 2018 at 10:00 PM GMT+05:00
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.
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.
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