Advertisement

SBP Reserves Increase by a Massive $558 Million in a Single Week

Pakistan’s foreign exchange reserves witnessed handsome inflows of $558 million during the week ending on November 06.

Advertisement

According to the State Bank of Pakistan (SBP), the increase in reserves is mainly attributed to the receipt of $500 million by the Government of Pakistan as part of the loans from different foreign agencies.

The break-up of the foreign reserves position is as under:-

  • Foreign reserves held by the State Bank of Pakistan stood at $12.740 billion.
  • Net foreign reserves held by commercial banks stood at $7.166 billion.
  • Overall, the total liquid foreign reserves of the country stood at $ 19.906 billion.

It is pertinent to mention here that reserves inflows continued to mobilize in the accounts of the central bank as well as the commercial banks.

Advertisement

Advertisement

See ProPakistani in...
ProPakistani App
close
>