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

Opinion

Editorial

Judiciary’s SOS
Updated 28 Mar, 2024

Judiciary’s SOS

The ball is now in CJP Isa’s court, and he will feel pressure to take action.
Data protection
28 Mar, 2024

Data protection

WHAT do we want? Data protection laws. When do we want them? Immediately. Without delay, if we are to prevent ...
Selling humans
28 Mar, 2024

Selling humans

HUMAN traders feed off economic distress; they peddle promises of a better life to the impoverished who, mired in...
New terror wave
Updated 27 Mar, 2024

New terror wave

The time has come for decisive government action against militancy.
Development costs
27 Mar, 2024

Development costs

A HEFTY escalation of 30pc in the cost of ongoing federal development schemes is one of the many decisions where the...
Aitchison controversy
Updated 27 Mar, 2024

Aitchison controversy

It is hoped that higher authorities realise that politics and nepotism have no place in schools.