The total liquid foreign reserves held by the country stood at US$13,715.0 million on 16November2018.The break-up of the foreign reserves position is as under: –
Foreign reserves held by the State Bank of Pakistan: US$ 7,286.5 million
Net foreign reserves held by commercial banks : US$ 6,428.5 million
Total liquid foreign reserves : US$ 13,715.0 million
During the week ending 16November2018, SBP’s reserves decreased by US$196 million to US$7,286.5 million, due to external debt servicing and other official payments. Furthermore, SBP received US$ 1,000 million on 19November2018 as placement of funds by Saudi Arabia, after which SBP’s reserves stood at US$8,293.9 million and total liquid foreign reserves at US$14,722.4 million.