SBP's reserves move up by $139.1 millions

KARACHI: The State Bank of Pakistan's foreign exchange reserves increased by $ 139.1 million to $ 12.608 billion at the end of last week. This increase in reserves is mainly attributed to proceeds of $249.4 million from the Asian Infrastructure Investment Bank (AIIB). During the week, the SBP also made government external debt repayments of $151 million.

The total liquid forex reserves held by the country increased by $137 million to stand at $19.655 billion as on August 13, 2020 compared to $19.518 billion on August 7, 2020. During the last week, net forex reserves held by commercial banks declined by $ 2 million to $7.047 billion.

Copyright Business Recorder, 2020