Pakistan foreign exchange reserves reach unprecedented levels      

Pakistan foreign exchange reserves reach unprecedented levels      
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KARACHI: (APP) Total liquid foreign exchange reserves of the country figure dollars 23.612 billion on Sept.30, 2016, said State Bank of Pakistan (SBP).

SBP's weekly statement here Thursday said that foreign reserves held by State Bank on Sept. 30, amounted $ 18,491.1 million and the net foreign reserves held by commercial banks were $ 5,121.3 million.

Over the week, the country's total reserves increased by $ 194 million to $ 23,612 million Whereas, SBP's liquid foreign exchange reserves increased by $ 96 million to $ 18,491 million during the week.

The increase in SBP's reserves is due to proceeds of $ 102 million received from International Monetary Fund (IMF) as the last tranche under EFF.

 

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