The country's total liquid foreign reserves reached ever highest level of $17.19 billion because of payment of Collation Support Fund by US. According to the State Bank of Pakistan (SBP) that country's total liquid foreign reserves have posted an increase of $772.8 million to $17.197 billion on week ended on January 1, 2011 from $16.424 billion a week earlier.
The raise has witnessed in the reserves held by SBP, which have also reached new peak level. Reserves held by SBP increased by $818.4 million to $13.527 billion during the last week as compared to $12.709 as on December 25, 2010.
While, foreign exchange reserves held by banks has witnessed declining trend and down by $45.6 million during the last week. With current decline, overall foreign reserves held by banks decline to $3.669 billion as compared to $3.715 billion a week earlier.
Earlier on October 15, 2010, the country's foreign exchange were also at peak level of $17.1 billion, however, later declined to 16 billion dollar due to foreign payments.
Sources said that during the last week the country has also received $633 million from US on account of collation support fund, which helped to improve the reserve position.
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