SBP's reserves increase 0.2pc week-on-week
Foreign exchange reserves held by the State Bank of Pakistan (SBP) increased 0.2% on a weekly basis on February 26, according to data released by the central bank today.
SBP's liquid foreign exchange reserves increased by $28 million to $15,507 million compared to $15,479 million in the previous week. Total liquid foreign reserves held by the country, including net reserves held by banks other than the SBP, stood at $20,352.3 million while net reserves held by banks amounted to $4,845.8 million. Last month, foreign exchange reserves held by the SBP increased 3.5% on a weekly basis after it received $500m from the IMF. The SBP received $918m in November from multilateral, bilateral and other official sources. -