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SBP: Minimal raise in weekly Liquid Forex Reserves

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KARACHI: Pakistan’s Liquid Forex Reserves are at $17,448.5 million. Minimal raise was recorded between June 5 to June 12, 2015, reported by Domestic Markets & Monetary Management Departments of the State Bank of Pakistan.

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Pakistan Liquid Forex Reserves started to climb in the first week of June 2015 after facing the continuous decreasing trend in the month of May 2015. During first week of June ended at June 5, 2015, forex reserves were at $17,466.9, 2.4% higher than previous week ended on May 29, 2015. However, last week only $1.6 million or 0.0092% raise was recorded in aggregate.

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During the week ended on June 12, 2015, SBP holds liquid forex reserves of $12,284.3 million as compared to $12,312.7 million of previous week ended on June 5, 2015. During one week, SBP liquid forex reserves with SBP decreased by $28.4 million or 0.23%. On the other hand, banks holds liquid forex reserves of $5,164.2 million as compared to $5,134.2 million of previous week ended on June 5, 2015. During one week, banks liquid forex reserves raised by $30 million or 0.58%.

Reserves

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