State Bank's Forex Reserves Increase by USD 1,269.80 Million

By MG News | July 02, 2020 at 08:49 PM GMT+05:00

0:00

Jul 02, 2020 (MLN): Pakistan's Forex Reserves increased by USD 1,240.90 Million or 7.42% and the total liquid foreign reserves held by the country stood at USD 17,971.00 Million on Jun 26, 2020.

According to data published by the State Bank of Pakistan (SBP) its reserves increased by USD 1,269.80 Million.

**Summary of Holding and Weekly Change**
Foreign reserves held by	Jun 26, 2020	Jun 19, 2020	Change	% Change
State Bank of Pakistan	11,231.00	9,961.20	1269.80	12.75%
Net Foreign Reserves Held by Banks	6,740.00	6,768.90	-28.90	-0.43%
Total Liquid Foreign Reserves	17,971.00	16,730.10	1240.90	7.42%

Amount in USD Million

During the week ended June 26, 2020, SBP received around US$2,046 million official inflows, including $737 million from World Bank, US$503 million from Asian Development Bank, US$500 million from Asian Infrastructure Investment Bank and US$300 million as GOP loan disbursement from China.

After incorporating government external debt payments of US$ 809 million, SBP reserves increased by US$ 1,270 million to US$ 11,231.0 million.

During the current week, SBP has received additional US$1,000 million as GOP loan disbursement from China. These funds will be part of SBP weekly reserves data as of July 03, 2020 to be released on July 09, 2020.

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