Forex reserves soar to $15.238 billion

13 Feb, 2015

The country''s total liquid foreign exchange reserves posted an increase of $79 million during last week. According to State Bank of Pakistan (SBP) weekly forex report issued on Thursday, Pakistan''s total liquid forex reserves stood at $15.238 billion as on February 6, 2015 compared to $15.159 billion a week earlier. During the week under review, SBP''s liquid forex reserves increased by $58 million to $10.417 billion compared to $10.359 billion in the previous week.
Similarly, with $21 million slight increase, reserves held by banks reached $4.822 billion at the end of the week. Sources said on Wednesday, Pakistan received some $700 million on account of Coalition Support Fund (CSF) and with this arrival Pakistan''s total forex reserve surged to $16 billion, however this increase would reflect in the next weekly report.

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