KARACHI: The total reserves held by the State Bank of Pakistan (SBP) declined by 1.5% or $131m to $8,487m as compared with $8,618m in the previous week. The total reserves declined to $13,267.8m from $13443m in a week ending on Nov 7, 2014.
Foreign reserves held by the SBP stood at $8,487.4m while net foreign reserves held by banks $4,780.4m and total liquid foreign reserves recorded at $13,267.8m.
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During the week, SBP made payments of $89m on account of external debt servicing and other official payments. There were no significant inflows during the week.
Reserves were likely to increase by around $750-800 million following the sale of shares in OGDCL.
