The State Bank of Pakistan (SBP) on Thursday announced that Pakistan’s liquid foreign reserves stood at $17,749.1 million on 15 May 2015.
The break-up of the foreign reserves position is as under: Foreign reserves held by SBP are $12,511.7 million; Net foreign reserves held by banks remains $5,237.4 million and total liquid foreign reserves stood $17,749.1 million.
During the week ending 15 May2015, SBP’s liquid FX reserves decreased by $38 million to $12,512 million compared to $12,550 million in the previous week. During the week, the SBP made payments of $63 million on account of external debt servicing. No major inflow was recorded during the week.
na�*nn�Pz yusion strategy to build momentum and push forward reforms to achieve universal financial inclusion in an integrated and sustained manner. The strategy has created a national vision for universal financial inclusion inPakistan.
A national coordination platform for all stakeholders from both public and private sectors has also been set up for implementation of the reforms and various initiatives for financial inclusion under the strategy. The NFIS coordination structure envisages three governance bodies, a NFIS Council, NFIS steering committee, and various technical committees. The NFIS council is chaired by the federal finance minister to oversee the implementation of NFIS. The council had its first meeting in April 2015 to adopt the strategy.
