KARACHI: The country’s total liquid foreign reserves the country have been recorded at $16,818.4 million, while reserves held by the State Bank of Pakistan increased 1.2% or $142 million to at $11,758.7 million on the week ending on April 10 as compared to $11,617 million in the previous week.
According to the SBP, the net foreign reserves held by banks were recorded at $5,059.7 million. Reserves went up by almost 4% last week following the receipt of $538 million from multilateral, bilateral and other sources, including $498 million received from the IMF. They increased significantly in February when the SBP received $717 million on account of the Coalition Support Fund (CSF).
Pakistan’s foreign exchange reserves witnessed a rapid rise 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 SBP’s liquid foreign reserves in the same month when Pakistan received $1 billion against the issuance of Sukuk bonds.
