BP reserves decrease by $1215mn


Karachi: The State Bank of Pakistan (SBP) has said that total liquid foreign reserves held by the country stood at US$20,515.7 million on 02June2017.The break-up of the foreign reserves position is as under:-

i) Foreign reserves held by the State Bank of Pakistan : US$ 15,706.6 million

ii) Net foreign reserves held by commercial banks : US$ 4,809.1 million

iii) Total liquid foreign reserves : US$ 20,515.7 million

During the week ending 02June2017, SBP’s reserves decreased by US$1,215 million to US$15,707 million.

During the week, SBP made payments of US$1,239 million on account of external debt servicing, which includes principal repayment of US$750 million against Pakistan Sovereign Bond.

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