Pakistan’s Liquid Foreign Reserves Position of December 27, 2013

Karachi, December 27, 2013 (PPI-OT): The total liquid foreign reserves held by the country stood at $8,090.2 million on 20th December, 2013. The break-up of the foreign reserves position is as under: -

i) Foreign reserves held by the State Bank of Pakistan: $ 3,192.9 million

ii) Net foreign reserves held by banks (other than SBP): $ 4,897.3 million

iii) Total liquid foreign reserves: $ 8,090.2 million

During the week ending 20Dec2013, SBP’s Liquid FX Reserves decreased by $275 million to $3,193 million compared to $3,468 million in the previous week. The decrease in the Central Bank reserves is mainly due to payments of $185 million, of which external debt servicing was $162 million inclusive of $58 million repayment to IMF and other official payments equal to $23 million. During the week, there was no major inflow from multilateral and bilateral sources.

On the successful completion of first review, disbursement of the second tranche of Extended Fund Facility of $554 million has been received on 23Dec2013 and will be reported in the next week reserve position.

For more information, contact:
Syed Wasimuddin
Chief Spokesman
State Bank of Pakistan (SBP)
Tel: +9221 3921 2562
Fax: +9221 3921 2563

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