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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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Banking Review 2013


Annual2013/14
Foreign Debt $61.805bn
Per Cap Income $1,386
GDP Growth 4.14%
Average CPI 8.6%
MonthlySeptember
Trade Balance $-2.380 bln
Exports $2.181 bln
Imports $4.561 bln
WeeklyNovember 13, 2014
Reserves $13.268 bln