Markets

SBP-held foreign exchange reserves increase $13mn, now stand at $8.05bn

  • Total liquid foreign reserves held by the country stand at $13.15 billion
Published February 15, 2024

Foreign exchange reserves held by the State Bank of Pakistan (SBP) increased by $13 million on a weekly basis, clocking in at $8.05 billion as of February 9, 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 $5.1 billion.

The central bank did not specify a reason for the increase in the reserves.

“During the week ended on 9-Feb-2024, SBP’s reserves increased by US$ 13 million to US$ 8,056.5 million,” it said.

Last week, Pakistan’s central bank reserves had decreased by $173 million.

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Kiran Feb 15, 2024 10:27pm
I need
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