Business

Reserves rise to $20.51 billion: SBP

KARACHI: The total liquid foreign reserves held by the country stood at US$20.51 billion on 22January2016.The break-up of the foreign reserves position is as under:-

i) Foreign reserves held by the State Bank of Pakistan: US$ 15,646.8  million

ii) Net foreign reserves held by banks : US$    4,855.3  million

iii) Total liquid foreign reserves                 :    US$  20,502.1  million

During the week ending 22January2016, SBP’s Liquid FX Reserves decreased by US$105 million to US$15,647 million, compared to US$15,752 million in the previous week.

During the week, SBP made payments of US$109 million on account of external debt servicing.

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