State Bank's Forex Reserves Decrease Despite receiving USD 500 Million from Qatar

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MG News | July 04, 2019 at 08:20 PM GMT+05:00

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Jul 04, 2019 (MLN): Pakistan's Forex Reserves increased by USD 91.70 Million or 0.64% and the total liquid foreign reserves held by the country stood at USD 14,443.00 Million on Jun 28, 2019.

According to the State Bank of Pakistan (SBP) it received inflow of US$500 million from Qatar as placement of funds. After taking into account outflows relating to external debt and other official payments, SBP reserves decreased by US$9 million during the week.

Summary of Holding and Weekly Change
Foreign reserves held by Jun 28, 2019 Jun 21, 2019 Change % Change
State Bank of Pakistan 7,272.80 7,282.10 -9.30 -0.13%
Net Foreign Reserves Held by Banks 7,170.20 7,069.20 101.00 1.43%
Total Liquid Foreign Reserves 14,443.00 14,351.30 91.70 0.64%

Amount in USD Million

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