Home - Business - Weekly Liquid Forex Reserves rise to $16,136.6 million

Weekly Liquid Forex Reserves rise to $16,136.6 million

Advertisements

KARACHI: Pakistan’s total liquid foreign exchange (forex) reserves are at $16136.6 million for the week ended on February 27 as compared to $15,943.7 million of the previous week, ended at February 20, as reported by Domestic Markets & Monetary Management Department of the State Bank of Pakistan (SBP).

Advertisements

During the week, the overall forex reserves increased by $192.9 million that is 1.195%. Apportionment of total reserves are as- $11,207.2 million net reserves with SBP  and 4929.4  million net reserves with banks.

Pakistan’s forex reserves were dropped in the second week of January 2015 but after that with the passage of every week they have got momentum and Pakistan is doing best in forex reserves. Till now there is 5.38% increase in forex reserves as compare to forex reserves of Financial Year 2014 that were $15267.9 million.

Advertisements

Just week-end levels of Liquid forex reserves are as below:

Chart

Check Also

Bahria Town, Hyatt Hotels sign deal for building Hyatt hotels in Pakistan

Advertisements Bahria Town, Pakistan’s largest real estate developer has signed in deal with  Hyatt Hotels for …

Leave a Reply

Your email address will not be published. Required fields are marked *