Liquid Foreign Reserves increase

KARACHI: The total liquid foreign reserves held by the country stood at US$ 20,686.7 million on December 08 2017, the State Bank of Pakistan (SBP) announced, here on Thursday.

It said that the breakup of the foreign reserves position is as under:

i) Foreign reserves held by the SBP: US$ 14,666.3 million

ii) Net foreign reserves held by commercial banks: US$ 6,020.4 million

iii) Total liquid foreign reserves: US$ 20,686.7 million

During the week ending December 08 2017, SBP's reserves increased by US$2,006 million to US$14,666 million.

The change in reserves was due to proceeds from Pakistan International Bonds and Pakistan International Bonds and payments on account of external debt servicing and other official outflows.