Pakistan’s Liquid Foreign reserves reached over US $ 22.770 billion

BusinessPakistan's Liquid Foreign reserves reached over US $ 22.770 billion

ISLAMABAD, Pakistan: The total liquid foreign reserves held by the country stood at US $ 21,770.5 million on June 17, 2016.

Giving the break-up of the foreign reserves position a statement of the Central Bank issued here Thursday said that Foreign reserves held by the State Bank of Pakistan stood at US $ 16,815.5 million while Net foreign reserves held by commercial banks were US $ 4,955.0 million on June 17.

During the week ending June 17, 2016, SBP’s Liquid FX Reserves increased by US$ 270 million to US $16,816 million, compared to US $ 16,546 million in the previous week.

During the week, State Bank of Pakistan (SBP) received US $ 370 million from multilateral, bilateral and other official sources which include US $107 million received from World Bank.

During the week, SBP made payments of US$64 million on account of external debt servicing and other official payments.

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