KARACHI: Pakistan’s total liquid foreign exchange reserves amounted to $24.4 billion on October 14, up 4.1per cent from a week ago, the State Bank of Pakistan (SBP) said on Thursday.

According to a statement released by the central bank, SBP’s liquid foreign exchange reserves increased $969 million whereas its liquid foreign exchange reserves increased $1,052m to $19.4bn during the week.

The increase in SBP’s reserves is mainly attributed to the proceeds of $1bn against Pakistan Sukuk Bonds.

Net foreign exchange reserves held by commercial banks amounted to $4.9bn on October 14, registering a nominal decrease over the preceding week.

Published in Dawn, October 21st, 2016