Foreign reserves well over $14.264m: SBP

ISLAMABAD - The total liquid foreign reserves held by Pakistan stood at $14,264.1 million on August 8, 2014.

Giving a break-up of the foreign reserves position, a statement of the central bank issued on Friday said that foreign reserves held by the State Bank of Pakistan stood at $9,188 million, while the net foreign reserves held by other banks were $5,076.1 million on August 8, 2014.

During the week ending August 8, 2014, the State Bank reserves decreased by $89 million to $9,188 million compared to $ 9,277 million in the previous week. The decrease in the State Bank reserves is mainly attributed to the payments of $80 million on account of external debt servicing.

The State Bank did not receive any significant inflows during this week, the statement said.

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