The country''s total liquid foreign exchange reserves crossed $14 billion mark at the end of last week. According to forex report issued by State Bank of Pakistan (SBP), the country''s total forex reserves posted an increase of $120 million to reach $14.04 billion as on December 12, 2014, compared to $13.92 billion on December 5, 2014. During the week under review, SBP''s liquid forex reserves increased by $144 million to $9.347 billion compared to $9.203 billion in the previous week.
During the week, SBP received $73 million from multilateral, bilateral and other sources. Similarly, with a decline of $24 million, reserves held by banks stood at $4.696 billion as on December 12, 2014.
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