Pak forex increase to $ 13.43905bn

29 May, 2014

KARACHI: The total liquid foreign exchange reserves of the country have increased to dollars 13.43905 billion from previous week's balance of $ 13.13208 billion, said a State Bank of Pakistan.

According to SBP weekly statement issued here on Thursday, the foreign reserves held by State Bank on May 23 amounted $ 8.64905 billion against the previous week's balance of $ 8.32003 billion and the net foreign reserves held by other banks were $ 4.790 billion.

The Central Bank's reserves increased primarily due to inflows of $ 410 million from multilateral, bilateral, and other official sources which include $ 375 million received under Coalition Support Fund. During the week, on account of external debt servicing and other official payments, SBP has made payments of $ 23 million from its reserves.

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