The country''s liquid foreign exchange reserves increased by $831 million during last week, mainly due to arrival of one billion dollars from Saudi Arabia. According to State Bank of Pakistan weekly report, total liquid forex reserves rose to $14.584 billion as on December 14, 2018 compared to $13.754 billion on December 7, 2018.
During the week under review, the SBP received an inflow of $1.0 billion from Saudi Arabia. After taking into account outflows relating to external debt and other official payments, the SBP reserves increased by $788 million to $8.048 billion at the end of last week. Forex reserves held by banks increased by $42 million to $6.536 billion at the end of the week.
Comments
Comments are closed.