Pakistan foreign exchange reserves touch new highs

Pakistan foreign exchange reserves touch new highs

ISLAMABAD (APP): The total liquid foreign reserves held by the country stood at US$24,461.4 million on as on 14th October 2016, according to State Bank of Pakistan .

Pakistan foreign exchange reserves reach unprecedented levels      

The Foreign reserves held by the State Bank of Pakistan stood at US$ 19,461.7 million whereas the net foreign reserves held by commercial banks were recorded at US$ 4,999.7 million.

According to SBP notification, during the week ending October 14, 2016, country's total reserves increased by US$969 million to US$24,461 million whereas SBP 's Liquid FX Reserves increased by US$1,052 million to US$19,462 million during the week.

State Bank of Pakistan announces monetary policy

The increase in SBP 's reserves is mainly attributed to proceeds of US$1,000 million against Pakistan Sukuk Bonds, the SBP statement said.

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