The total liquid foreign reserves held by the country was recorded at US$ 13,257.2 million on January 18, as foreign reserves held by the State Bank of Pakistan was stood at US$ 6,636.1 million and net foreign reserves held by commercial banks was registered at US$ 6,621.1 million.
Hence the total liquid foreign reserves was stood at US$ 13, 257.2 million (before financial aid from UAE and Saudi Arabia), said a press release issued by State Bank of Pakistan on Thursday. During the week ending on January 18, 2019, SBP’s reserves decreased by US$ 265 million to US$ 6,636.1 million, due to external debt servicing and other official payments.
Pakistan has received last Installment of $1 billion loan package from Saudi Arabia “as balance of payment support” today (Jan 25), spokesperson State Bank of Pakistan (SBP) reported. State Bank reserves have reached to $8.62 billion after receiving last installment of the financial package while foreign exchange reserves reached to $15.25 billion. Meanwhile Pakistan on Thursday (Jan 24) received first installment of much awaited $3 billion financial package from United Arab Emirates, confirmed the State Bank of Pakistan. The country will receive another $2 billion in two separate installments.
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21 August, 2019