With the arrival of Sukuk inflows, the country's total liquid foreign exchange reserves reached near $14 billion mark. According to weekly forex report issued by State Bank of Pakistan (SBP) Thursday, the country's total forex reserves posted an increase of $929 million to $13.92 billion as on December 5, 2014, compared to $12.99 billion as on November 28, 2014.
During the week, SBP's liquid forex reserves increased by $981 million to $9.203 billion compared to $8.222 million last week. During the week, SBP received some $1billion against issuance of Pakistan Sukuk bonds and $41 million from multilateral, bilateral and other sources. During the week, SBP made payments of $83 million on account of external debt servicing and other official payments. Similarly, with a $52 million decline, reserves held by banks stood at $4.72 billion as on December 5, 2014.