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SBP reserves up by US$431mn

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KARACHI  The Foreign exchange reserve held by the State Bank of Pakistan increased by US$431 million to US$9,112.9 million during the week ending on November 29, 2019 on Thursday.According to State Bank of Pakistan (SBP), the total liquid foreign reserves held by the country stood at US$15,993.2 million.

According the break-up figures, the foreign reserves held by the State Bank of Pakistan stood at US$9,112.9 million whereas the net foreign reserves held by commercial banks stood at US$6,880.3 million.

During current fiscal year SBP reserves have increased by US$1.8 billion.

The FX swaps/forward liabilities have reduced by US$ 1.95 billion between June-Oct 2019, increase in the liquid SBP reserves and the reduction of the swaps / forward liabilities reflects the build-up of FX buffers.

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