SBP’s reserves up $67m to $7.897bn

KARACHI: the State Bank of Pakistan’s foreign exchange reserves rose by $ 67 million during last week. With current increase, the SBP’s reserves surged to $ 7.897 billion as of Aug 12, 2022 up from $7.830 billion as of August 5, 2022. However, during the week under review the net foreign reserves held by commercial banks declined slightly $15 million to $5.716 billion.

Critical: SBP-held foreign exchange reserves fall $555mn, now stand at $7.83bn

The total liquid foreign reserves held by the country stood at $ 13.613 billion, up by $52 million end of the last week compared to $13.561 billion a week earlier.

Copyright Business Recorder, 2022