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SBP: Pakistan’s Liquid Forex Reserves raised by 1.52%

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KARACHI: After facing fluctuations in the month of July 2015, Pakistan liquid forex reserves figure ended at $18,822.1 million that is the highest reserves figure achieved by the country so far, reported by Domestic Markets & Monetary Management Department of the State Bank of Pakistan (SBP).

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The month of July started with $18,714.6 million that remained in fluctuation throughout the month, but closed in a favorable position as compare to previous month. By the end of July 31, 2015 the reserves value was $18,822.1 million as compared to $18,536 million of week ended on July 24, 2015 showing a growth of 1.52%.

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The distribution of reserves is: $13,766.8 million held by SBP and $5,055.3 held by other banks. During the week, SBP’s reserves increased by $381 or 2.84% million while of other banks decreased by $94.9 million or 1.84%. The overall reserves are 0.62% higher than the reserves of June 2015 that was of $18,536 million.TNT

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