Business

SBP Reserves Stay Above $14.5 Billion After Slight Increase

The foreign exchange reserves held by the State Bank of Pakistan (SBP) posted an increase of $23 million on a weekly basis according to data issued by the central bank on Thursday.

According to the latest data released by the SBP, on July 11, the foreign currency reserves held by the SBP were recorded at $14.526 billion, up $23 million compared to $14.502 billion on July 04.

Overall liquid foreign currency reserves held by the country, including net reserves held by banks other than the SBP, stood at $19.957 billion, down 72 million over the previous week.

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The net reserves held by banks were recorded at $5.432 billion, registering a decrease of $96 million during the week.

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Business Desk