Forex reserves increase

KARACHI: State Bank of Pakistan (SBP) here Thursday said the total liquid foreign reserves held by the country stood at US$14,802.5 million on 25 January 2019. The break-up of the foreign reserves position is as under:

i) Foreign reserves held by the State Bank of Pakistan: US$8,154.3 million

ii) Net foreign reserves held by commercial banks : US$6,648.2 million

iii) Total liquid foreign reserves                    : US$14,802.5 million

During the week ending 25 January 2019, SBP received inflows of US$1,000 million each from Saudi Arabia and UAE as placement of funds. After taking into account outflows relating to external debt and other official payments, SBP reserves increased by US$1,518 million during the week.