Liquid foreign exchange reserves held by the State Bank of Pakistan posted an increase of $165 million during the last week, the central bank said. According to weekly report issued on Thursday, the SBP''''s liquid forex reserves reached $8.719 billion as on August 29, 2014 compared to $8.554 billion as on August 22, 2014 in the previous week.
During the week under review, the SBP received $371.4 million under Coalition Support Fund from the United State. The SBP made payments amounting to $54 million on account of external debt and other official payments. However, liquid foreign exchange reserves held by banks posted a $168 decline to reach below $5 billion during last week. Banks'''' reserves reached $4.859 billion at end of last week compared to $5.027 billion a week earlier. In addition, with a decline of $4 million, the country''''s total liquid foreign exchange reserves stood at $13.577 billion as on August 29, 2014.
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