KARACHI: State Bank of Pakistan (SBP) has reported that its foreign exchange reserves have dipped by 1% or $111 million to $10,365 million on January 9 as compared to $10,476 million in the previous week.
Total liquid foreign reserves held by the country, including net reserves held by banks other than the SBP, stood at $15,060.2 million while net reserves held by banks amounted to $4,695.1 million.
Pakistan’s foreign exchange reserves recorded a rapid increase in the last month of 2014 when the SBP received $1,221 million from multilateral, bilateral and other sources. This was preceded by another 10.6% weekly rise in the SBP’s liquid foreign reserves in the same month when Pakistan received $1 billion by floating Sukuk bonds in the international market.
