KARACHI: Pakistan’s total liquid foreign exchange (forex) reserves are at $16194.2 million for the week ended on March 27 as compared to $16,131.9 million of the previous week, ended at March 20, as reported by Domestic Markets & Monetary Management Department of the State Bank of Pakistan (SBP).
During the week, the overall forex reserves increased by $62.3 million or 0.38%. Apportionment of total reserves are as- $11,123.3 million net reserves with SBP and $5,070.9 million net reserves with banks.
During the first two weeks of the March the forex reserves raised as compare to reserves of February. However, reserves slashed in the last two weeks of March but still showing better performance since the commencement of 2015. At the end of January, reserves value was $15,162.6 million and now total value is $16,194.2 million.
Till now there is 5.72% increase in forex reserves as compare to forex reserves of Financial Year 2014 that were $15267.9 million.