KARACHI: The country’s total liquid foreign exchange reserves stood at $17.491 billion during the week ending April 17 compared to $16.818bn the previous week, the State Bank of Pakistan (SBP) said on Thursday.

The SBP reserves increased by $605 million to $12.364bn from $11.759bn, and the other banks’ holdings were $5.127bn as compared to $5.059bn.

The increase in reserves is mainly attributed to the receipts of privatisation proceeds of Habib Bank, the SBP said.

During the week, the SBP made payments of $270m on account of external debt servicing and other official payments.

Published in Dawn, April 24th, 2015

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