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Foreign reserves inch up by $23.5 million

The country's liquid foreign reserves rose by $23.5 million during the last week. According to State Bank of Pakistan's (SBP) weekly report, the country's totalled foreign reserves have surged to $8.017 billion as on January 31, 2014. Although the reserves of SBP and banks have showed a rising trend, however the major increase has been registered in the banks' reserves.

During the period under review, reserves held by SBP have mounted by $5.6 million to $3.182 billion up from $3.176 billion. While, with an increase of $17.9 million, the reserves held by banks reached $4.835 billion mark by the end of last week.

Copyright Business Recorder, 2014



 



 
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Annual2013/14
Foreign Debt $61.805bn
Per Cap Income $1,386
GDP Growth 4.14%
Average CPI 8.6%
MonthlyJuly-June
Trade Balance $-19.98 bln
Exports $25.13 bln
Imports $45.11 bln
WeeklyOctober 27, 2014
Reserves $13.464 bln