State Bank’s Forex Reserves Increase by USD 120.70 Million

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 byDec 06, 2019Nov 29, 2019Change% Change
State Bank of Pakistan9,233.609,112.90120.701.32%
Net Foreign Reserves Held by Banks6,814.506,880.30-65.80-0.96%
Total Liquid Foreign Reserves16,048.1015,993.2054.900.34%

Amount in USD Million

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Posted on: 2019-12-12T20:10:00+05:00