KARACHI: The foreign exchange reserves held by the State Bank of Pakistan (SBP) have increased by 1.5 per cent on a weekly basis on December 12.
According to data released by the central bank, SBP’s liquid foreign exchange reserves increased by $144 million to $9,347 million compared to $9,203 million in the previous week. During the week, the SBP received $73 million from multilateral, bilateral and other sources.
Total liquid foreign reserves held by the country, including net reserves held by banks other than the SBP, stood at $14,042.4 million ($14.042b) while net foreign reserves held by banks amounted to $4,695.9 million.
In the preceding week ending on December 5, SBP’s liquid foreign reserves increased 10.6% on a weekly basis. The massive increase was a result of Pakistan getting $1 billion against the issuance of Sukuk bonds.
