FX up by $59m

KARACHI: The country’s total liquid foreign reserves rose by $59 million during the last week. According to State Bank of Pakistan (SBP) total liquid foreign reserves held by the country stood at $14.704 billion as of July 12, 2024 compared to $14.645 billion as of July 5, 2024.

During the week under review, SBP’s reserves increased by $ 19 million to reach $ 9.424 billion. Net foreign reserves held by commercial banks also mounted up by $40 million to $5.280 billion at the end of last week.

Copyright Business Recorder, 2024