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Business & Finance Print edition: 2024-09-13

Forex reserves rise to $9.47bn

Published Updated

KARACHI: The total liquid foreign reserves held by the country stood at $14,796.1 million as of 06-Sep-2024. The break-up of the foreign reserves position is as under:

i) Foreign reserves held by the State Bank of Pakistan: US$9,466.6 million.

ii) Net foreign reserves held by commercial banks: US$5,329.5 million.

iii) Total liquid foreign reserves: US$14,796.1 million.

During the week ended on 06-Sep-2024, SBP reserves increased by US$ 30 million to US$ 9,466.6 million.

Copyright Business Recorder, 2024

Comments

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KU Sep 13, 2024 10:44am
Just saying, Vietnam exports $13 billion worth of footwear alone to the world.
0
Khadim Hussain Sep 14, 2024 05:47pm
From the last 75 years our reserves never cross 14 billions. Not able to run this BADQASMAT country.
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Mir Fareed Saeed Saeed Sep 15, 2024 06:08am
Fact check More then half of these reserves are lended
0
Yankee Sep 15, 2024 05:10pm
Even Philippines has forex reserve of USD 100 B.......so its rather an embarrassment than an excitement!!!!!
0