RECORDER REPORT
KARACHI: With the arrival of Sukuk bonds inflows, the country's total liquid foreign exchange reserves reached all-time high of $24.24 billion. According to State Bank of Pakistan (SBP), Pakistan successfully received inflows amounting to $1 billion against the auction of Sukuk bonds in the world market, following which the country's forex reserves surged to all-time high. During last week, Pakistan's liquid forex reserves increased by $969 million to $24.246 billion as on October 14, 2016 compared to $23.492 billion on October 7, 2016.
The SBP's liquid foreign exchange reserves surged by $1.052 billion to $19.462 billion up from $18.41 billion. The increase in SBP's reserves has been mainly attributed to proceeds of $1 billion against Pakistan Sukuk bonds. During last week, reserves held by banks decreased by $82 million to $4.999 billion.
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