State Bank receives $1.118bn from United States under Coalition Support Fund, forex reserves rise

Karachi,  State Bank of Pakistan SBP Thursday said that it has received $1.118 billion from the United States under the Coalition Support Fund CSF which increased the country’s total liquid foreign exchange reserves to $15692.5 million.

Pakistan’s total foreign reserves stood at $14,574.5 million on July 27, 2012, according to SBP. According to break-up, foreign reserves held by SBP were $10,139.3 million and net foreign reserves held by banks (other than SBP) $4,435.2 million on July 27, 2012.

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