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KARACHI: The country’s total liquid foreign reserves rose by $ 52 million and stood at $ 13.149.1 billion end of the last week, the State Bank of Pakistan (SBP) reported on Thursday.
During the week ended on Feb 9, 2024, SBP’s reserves increased by $ 13 million to reach $ 8.057 billion up from $8.044 billion. However, net foreign reserves held by commercial banks surged by $39 million to $ 5.093 billion end of last week compared to $5.054 billion a week earlier.
The current level of foreign exchange reserves is sufficient to cover import of 4.56 months.
Copyright Business Recorder, 2024
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