SBP-held foreign exchange reserves increase $17mn, now stand at $7.91bn
14 March 2024
Published in: Business Recorder
Foreign exchange reserves held by the State Bank of Pakistan (SBP) increased by $17 million on a weekly basis, clocking in at $7.91 billion as of March 8, data released on Thursday showed.
Total liquid foreign reserves held by the country stood at $13.15 billion. Net foreign reserves held by commercial banks stood at $5.24 billion.
The central bank did not specify a reason for the increase in the reserves.
“During the week ended on 08-Mar-2024, SBP’s reserves increased by US$ 17 million to US$ 7,912.9 million,” it said.
