Pakistan’s liquid foreign reserves over $14b

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The total liquid foreign reserves held by the country stood at $ 14,389.8 million on October 19, 2012, a statement of the Central Bank issued on Thursday said. Giving the break-up of the foreign reserves position, the statement said that Foreign reserves held by the State Bank of Pakistan stood at $ 9,829.4 million while the Net foreign reserves held by banks (other than SBP) were recorded at $ 4,560.4 million as on October 19,2012. “The total liquid foreign reserves stood at US $ 14,389.8 million”, the statement added.