KARACHI: The total liquid foreign reserves held by the country stood at $13,132.8 million on May 16, 2014, says a press release issued by State Bank of Pakistan (SBP) here on Thursday.
The break-up of the foreign reserves position is as under: Foreign reserves held by the SBP: $ 8,320.3 million Net foreign reserves held by banks: $ 4,812.5 million Total liquid foreign reserve: $ 13,132.8 million.
During the week ending May 16,2014, SBP's liquid FX reserves increased by $ 300 million to $ 8,320 million compared with $8,020 million in the previous week. The increase in the Central Bank reserves is primarily attributed to inflows of $ 507 million from multilateral, bilateral, and other official sources.
During the week ending May 16, on account of external debt servicing and other official payments, SBP has made payments of US$ 207 million from its reserves. This includes $148 million payment to IMF under SBA.
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