ISLAMABAD : The total liquid foreign reserves stood at $8,526.3m on Dec 13, 2013. Giving break-up of the foreign reserves position, SBP said that foreign reserves held by the SBP stood at $ 3,467.8m while net foreign reserves held by banks stood at $ 5,058.5m. During the week ending Dec 13,2013, SBP’s liquid FX reserves increased by $505m to $3,468m compared to $2,963m in the previous week.The increase in the central bank reserves is mainly attributed to $430m inflows from multilateral and bilateral sources; which include $144 million from DFID, $137 million from IDB and US$149 million accounted for receipts from other multilateral institutions.
On account of external debt servicing and other official payments, SBP has made payments of US$100 million from its reserves during the week ending Dec 13,2013.
More inflows, including disbursement of the second tranche of Extended Fund Facility of around US $ 550 million, are expected in the coming days that would further augment the foreign exchange reserves of the country.