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SBP says country’s liquid foreign reserves stand at $20,709.3mn

KARACHI: The total liquid foreign reserves held by the country stood at US$20,709.3 million on December 11, said the State Bank of Pakistan (SBP) in a statement.

The break-up of the foreign reserves position is as follows:

i) Foreign reserves held by the State Bank of Pakistan: US$ 15,719.3

ii) Net foreign reserves held by banks : US$    4,990.0

iii) Total liquid foreign reserves: US$ 20,709.3  million

During the week ending on December 11, SBP’s liquid FX reserves increased by US$278 million to US$15,719 million, compared to US$15,441 million in the previous week.

The increase in reserves is attributed to receipts of US$300 million on account of long-term syndicated financing for Government of Pakistan.

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