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Business & Finance Print edition: 2023-02-24

FX reserves rise by $66m to $3.258bn

Published February 24, 2023 Updated February 24, 2023 06:00am
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KARACHI: The total liquid foreign reserves held by State Bank of Pakistan (SBP) increased by $ 66 million to $ 3.258 billion during the week ended on February 17, 2023.

According to SBP data, issued on Thursday, the total liquid foreign reserves held by the country stood at $ 8.726 billion on February 17, 2023.

Net foreign reserves held by commercial banks stood at $ 5.468 billion on the end of this week.

Copyright Business Recorder, 2023

SBP foreign exchange reserves FX reserves Net foreign reserves

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Eddie Feb 24, 2023 08:22am
What a country?After nearly 76 years of independence this is the best they.could achieve, barely 7 billion in fx reserves?? Pakistan is a total basket case, their predicament is a direct result of the shenanigans allowed in politics and almost every sphere of human activity.Good India was, earlier on, able to read between lines and kept away from trouble.
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Asif Ghulam Feb 25, 2023 12:02pm
It’s a good sign for Pakistan economic
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