State Bank's Forex Reserves Increase by USD 430.60 Million

MG News | December 05, 2019 at 03:41 PM GMT+05:00

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Dec 05, 2019 (MLN): Pakistan's Forex Reserves increased by USD 415.50 Million or 2.67% and the total liquid foreign reserves held by the country stood at USD 15,993.20 Million on Nov 29, 2019.

According to data published by the State Bank of Pakistan (SBP) its reserves increased by USD 430.60 Million .

In this fiscal year SBP reserves have increased by US$ 1.8 billion. The FX swaps / forward liabilities have reduced by US$ 1.95 billion between June-Oct2019. Increase in the liquid SBP reserves and the reduction of the swaps / forward liabilities reflects the build-up of FX buffers.

**Summary of Holding and Weekly Change**
Foreign reserves held by	Nov 29, 2019	Nov 22, 2019	Change	% Change
State Bank of Pakistan	9,112.90	8,682.30	430.60	4.96%
Net Foreign Reserves Held by Banks	6,880.30	6,895.40	-15.10	-0.22%
Total Liquid Foreign Reserves	15,993.20	15,577.70	415.50	2.67%

Amount in USD Million

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