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Pakistan’s Overall Foreign Reserves Cross $17 Billion

The foreign exchange reserves held by the State Bank of Pakistan (SBP) rose by $46 million on a weekly basis, according to data issued by the central bank on Thursday.

According to the latest data released by the SBP as of June 13, total liquid forex reserves held by the country, including net reserves held by banks other than the SBP, stood at $17 billion, up 130 million over the previous week.

As of June 13, the foreign currency reserves held by the SBP were recorded at $11.72 billion, up $46 million compared to $11.676 billion on June 06.

The net reserves held by banks were recorded at $5.283 billion, registering an increase of $83 million during the week.

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