The country's total liquid foreign exchange reserves rose by $114.3 million during last week. According to State Bank of Pakistan (SBP), Pakistan's total liquid forex reserves surged to $13.571 billion as on June 13, 2014 compared to $13.457 billion on June 6, 2014.
During the week, SBP's liquid forex reserves posted an increase of $56.4 million to $8.669 billion compared to $8.613 billion the previous week. The increase in the central bank reserves is primarily due to multilateral, bilateral, and other official receipts amounting to $24.0 million. During the week ending June 13, 2014, SBP made other official payments of $18 million from its reserves. Similarly, reserves held by banks surged by $58 million to $4.901 billion up from $4.844 billion.
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