Tag: Foreign Exchange Reserves

  • Pakistan’s foreign exchange reserves up by $651 million

    Pakistan’s foreign exchange reserves up by $651 million

    KARACHI: The liquid foreign exchange reserves of the country increased by $651 million by week ended July 30, 2020 owing to foreign inflows, State Bank of Pakistan (SBP) said on Thursday.

    The total foreign exchange reserves of the country increased by $651 million to $19.563 billion by week ended July 30, 2020 as compared with $18.912 billion a week ago.

    The official foreign exchange reserves of the SBP increased by $566 million to $12.542 billion by week ended July 20, 2020 as compared with $11.976 billion a week ago.

    The SBP attributed the increase to the inflows from multilateral and bilateral agencies including US$ 505.5 million received from World Bank.

    The foreign exchange reserves held by commercial banks registered $85 million increase to $7.021 billion by week ended July 30, 2020 as compared with $6.936 billion a week ago.

  • Country foreign exchange reserves eases to $18.912 billion

    Country foreign exchange reserves eases to $18.912 billion

    KARACHI: The liquid foreign exchange reserves of the country eased by $135 million to $18.912 billion by week ended July 23, 2020, State Bank of Pakistan (SBP) said on Thursday.

    The foreign exchange reserves were at $19.047 billion by week ended July 17, 2020.

    The foreign exchange reserves held by the central bank also fell by $146 million to $11.975 billion by week ended July 23, 2020 as compared with $12.122 billion a week ago.

    The SBP attributed the decline in reserves to government payment for external sector.

    The reserves held by commercial banks witnessed meager increase of $12 million to $6.937 billion by week ended July 23 as against $6.925 billion a week ago.

  • Foreign exchange reserves increase to $19.047 billion

    Foreign exchange reserves increase to $19.047 billion

    KARACHI: Pakistan’s liquid foreign exchange reserves have increased by $95 million to $19.047 billion by week ended July 17, 2020, State Bank of Pakistan (SBP) said on Thursday.

    The foreign exchange reserves of the country were at $18.952 billion by week ended July 10, 2020.

    The official reserves held by the central bank increased by $66 million to $12.121 billion by week ended July 17, 2020 as compared with $12.055 billion a week ago.

    Similarly, the foreign exchange reserves held by commercial banks improved by $29 million to $6.926 billion from $6.897 billion a week ago.

  • Foreign exchange reserves up by $163 million to $18.953 billion

    Foreign exchange reserves up by $163 million to $18.953 billion

    KARACHI: The liquid foreign exchange reserves of the country increased by $163 million to $18.953 billion by week ended July 10, 2020, the State Bank of Pakistan (SBP) said on Thursday.

    The foreign exchange reserves of the country were at $18.79 billion by week ended July 03, 2020.

    The official reserves of the SBP increased by $13 million to $12.055 billion by week ended July 10, 2020 as against $12.042 billion a week ago.

    The reserves held by commercial banks witnessed growth of $150 million to $6.898 billion by week ended July 10, 2020 as against $6.748 billion a week ago.

  • Pakistan’s foreign exchange reserves increase by $819 million

    Pakistan’s foreign exchange reserves increase by $819 million

    KARACHI: The liquid foreign exchange of the country increased by $819 million to $18.79 billion by week ended July 03, 2020, State Bank of Pakistan (SBP) said on Thursday.

    The foreign exchange reserves of the country were at $17.971 billion a week ago ended on June 26, 2020.

    The official reserves held by the SBP increased by $811 million to $12.042 billion by week ended July 03, 2020 as compared with $11.231 billion a week ago.

    The SBP attributed the increase in reserves to proceeds of $1,000 million as GOP loan disbursement from China.

    During the week, SBP also made government external debt payments of $ 231.2 million.

    The foreign exchange reserves held by commercial bank witnessed nominal growth of $8 million to $6.748 billion by week ended July 03, 2020 as compared with $6.74 billion a week ago.

  • Pakistan’s weekly foreign exchange reserves increase by $1.24bn

    Pakistan’s weekly foreign exchange reserves increase by $1.24bn

    KARACHI: The foreign exchange reserves of the country increased by $1.24 billion to $17.97 billion by week ended June 26, 2020, State Bank of Pakistan (SBP) said on Thursday.

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  • SBP foreign exchange reserves slip to $9.96 billion

    SBP foreign exchange reserves slip to $9.96 billion

    KARACHI: The official foreign exchange reserves of State Bank of Pakistan (SBP) fell by $146 million to $9.961 billion by week ended June 19, 2020, according to weekly data of foreign exchange reserves of the country issued by the SBP on Thursday.

    The official reserves of the central bank were at $10.107 billion by week ended June 12, 2020.

    The SBP said that during the week ended June 19, 2020, SBP reserves decreased by $146 million to $ 9,961.2 million. This decline is attributed to government external debt payments of $ 244.5 million.

    During the current week, SBP has received around $1,725 million, including $725 million from the World Bank, US$500 million from Asian Development Bank and US$500 million from Asian Infrastructure Investment Bank.

    These funds will be part of SBP weekly reserves data as of 26-June-2020 to be released on 02-July-2020.

    The total foreign exchange reserves of the country fell by $45 million to $16.73 billion by week ended June 19, 2020 as compared with $16.775 billion a week ago.

    However, the foreign exchange reserves of commercial banks increased by $101 million to $6.769 billion by week ended June 19, 2020 as compared with $6.668 billion a week ago.

  • Foreign exchange reserves up by $70 million

    Foreign exchange reserves up by $70 million

    KARACHI: The foreign exchange reserves of the country have increased by $70 million to $16.775 billion by week ended June 12, 2020, State Bank of Pakistan (SBP) said on Thursday.

    The foreign exchange reserves were at $16.705 billion by week ended on June 05, 2020.

    The foreign exchange reserves held by the central bank increased by $11 million to $10.107 billion by week ended June 12, 2020 as compared with $10.096 billion a week ago.

    The foreign exchange reserves held by commercial banks were also increased by $59 million to $6.668 billion from $6.609 billion a week ago.

  • Foreign exchange reserves slip by $215 million

    Foreign exchange reserves slip by $215 million

    KARACHI: Pakistan’s foreign exchange reserves have declined by $215 million to $16.705 billion by week ended June 05, 2020, State Bank of Pakistan (SBP) said on Thursday.

    The foreign exchange reserves of the country were at $16.92 billion by week ended May 29, 2020.

    The foreign exchange reserves held by the SBP fell by $266 million to $10.096 billion by week ended June 05, 2020 as compared with $10.362 billion a week ago.

    The central bank attributed the decline to the government external debt repayments of $301 million during the week.

    The foreign exchange reserves held by commercial banks however increased by $51 million to $6.609 billion by week ended June 05, 2020 as compared with $6.558 billion a week ago.

  • Foreign exchange reserves decline by $1.68 billion

    Foreign exchange reserves decline by $1.68 billion

    KARACHI: The liquid foreign exchange reserves of the country fell by $1.68 billion to $16.92 billion by week ended May 29, 2020, State Bank of Pakistan (SBP) said on Thursday.

    The total foreign exchange reserves of the country were $18.599 billion a week ago.

    The foreign exchange held by the central bank fell by $1.712 billion to $10.362 billion by week ended May 29, 2020 as compared with official reserves of $12.074 billion.

    This decline is primarily attributed to the government external debt repayments of $1.669 billion.

    The foreign exchange held by commercial banks however increased by $34 million to $6.558 billion by week ended May 29, 2020 as compared with $6.524 billion a week ago.