KARACHI: After one month of decreasing trend, Pakistan Liquid Forex Reserves have started to climb again. Forex reserves with country are at $17,446.9 million by the end of June 5, 2015, reported by Domestic Markets & Monetary Management Department of the State Bank of Pakistan (SBP).
Pakistan’s forex reserves value in the month of May 2015 was not satisfactory. From May 1, 2015 to May 19, 2015, reserves value were decreased gradually. But with the commencement of June 2015, forex reserves started to raise again. At present, forex reserves are at $17446.9 million for the week ended on June 5, 2015 as compare to the $17,028.5 million of previous week ended on May 29, 2015. Reserves increased by 2.4% or $418.4 million in one week.
During the week ended on June 5, 2015, SBP’s forex reserves increased by 3.25% and of other banks increased by $18.9 million.
Total liquid forex reserves with SBP are at $12,312.7 million as compare to the previous week value of $11,913.2 million, that is showing a growth of 3.25%. While liquid forex reserves with banks are at $5,134.2 million as compare to the previous week value of $5,115.3 million, that is showing a growth of $18.9 million in a week.