Liquid foreign reserves hit $12,992.9mn mark

04 Dec, 2014

KARACHI: State Bank of Pakistan (SBP) on Thursday announced that the total liquid foreign reserves held by the country stood at $12,992.9 million on 28 November 2014.

It said that the break-up of the foreign reserves position is as foreign reserves held by SBP are $8,221.9 million; net foreign reserves held by banks are $ 4,771.0 million and total liquid foreign reserves are $12,992.9 million

During the week ending on 28 November 2014, SBP liquid FX Reserves decreased by US$284 million to $8,222 million compared to US$8,506 million in the previous week.

During the week, SBP made payments of US$435 million on account of external debt servicing and other official payments. During the week SBP received US$65 million from multilateral, bilateral and other sources.

Copyright PPI (Pakistan Press International), 2014

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