State Bank's Forex Reserves Increase by USD 120.70 Million

MG News | December 12, 2019 at 08:10 PM GMT+05:00

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Dec 12, 2019 (MLN): Pakistan's Forex Reserves increased by USD 54.90 Million or 0.34% and the total liquid foreign reserves held by the country stood at USD 16,048.10 Million on Dec 06, 2019.

According to data published by the State Bank of Pakistan (SBP) its reserves increased by USD 120.70 Million .

Furthermore, the SBP disclosed that during the week ending Dec 06, 2019 it made a repayment of Pakistan International Sukuk of US$1,000 million. In addition to that, the SBP received US$1,300 million from Asian Development Bank. These funds will be part of the SBP weekly reserves data as of Dec 13,2019 to be released on Dec 19, 2019.

**Summary of Holding and Weekly Change**
Foreign reserves held by	Dec 06, 2019	Nov 29, 2019	Change	% Change
State Bank of Pakistan	9,233.60	9,112.90	120.70	1.32%
Net Foreign Reserves Held by Banks	6,814.50	6,880.30	-65.80	-0.96%
Total Liquid Foreign Reserves	16,048.10	15,993.20	54.90	0.34%

Amount in USD Million

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