RECORDER REPORT

KARACHI: The country’s total liquid foreign exchange reserves posted an increase of $79 million during last week.

According to State Bank of Pakistan (SBP) weekly forex report issued on Thursday, Pakistan’s total liquid forex reserves stood at $15.238 billion as on Feb 6, 2015 compared to $15.159 billion a week earlier.

During the week under review, SBP’s liquid forex reserves increased by $58 million to $10.417 billion compared to $10.359 billion in the previous week. Similarly, with $21 million slight increase, reserves held by banks reached $4.822 billion at the end of the week.

Sources said on Wednesday, Pakistan received some $700 million on account of Coalition Support Fund (CSF) and with this arrival Pakistan’s total forex reserve surged to $16 billion, however this increase would reflect in the next weekly report.