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Foreign reserves reach $20.4 billion

byCT Report
11/12/2015
in Business
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KARACHI: The country’s total liquid foreign reserves have reached $20,450.9 million on December 4, 2015.

According to the break-up of the foreign reserves position, released by the State Bank of Pakistan, the foreign reserves held by the central bank stood at $15,441.4 million, while net foreign reserves held by banks stood at $5,009.5 million.

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During the week ending December 4, SBP’s liquid FX reserves increased by $654 million to $15,441 million, compared to $14,787 million in the previous week. During the week, SBP received $918 million from multilateral, bilateral and other official sources, which include $500 million received from World Bank and $400 million received from Asian Development Bank.

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