ISLAMABAD (APP) - The total liquid foreign reserves held by the country stood at US$ 18,714.6 million on July 3, 2015, State Bank of Pakistan said.
Giving the break-up of the foreign reserves position, a statement of the Central Bank issued on Thursdays said that Foreign reserves held by the State Bank of Pakistan stood at US$ 13,535.2 million while the net foreign reserves held by banks US$ 5,179.4 million.
The SBP said that during the week ending July 3,2015, SBP's Liquid FX Reserves increased by US$ 447 million to US$ 13,535 million, compared to US $ 13,088 million in the previous week.
The increase in reserves is mainly attributed to receipts of US$ 514 million from multilateral and bilateral sources, which include US $ 506 million received from IMF under EFF, the SBP statement added.
It said that during the week, SBP made payments of US$ 72 million on account of external debt servicing and other official payments.
Sarfraz Ali
The writer works as an Editor of Digital Media for Daily Pakistan. He can be reached at sarfraz1168@gmail.com.
