KARACHI: The State Bank of Pakistan (SBP) on Thursday announced that thetotal liquid foreign reserves of the country have jumped upto US$18.86billion during the week ending on February 28.
In a statement issued on Thursday from the central bank, out of the totalreserves, the state-owned bank hold the foreign reserves of upto US$12.75billion, witnessing an increase by US$166 million from the past week.
It further said that the commercial banks also hold reserves of upto US$6.11billion.
The State Bank of Pakistan (SBP) witnessed an increase of US$87 million inits foreign reserves during the week ending Feb 21.
According to the central bank, the net liquid foreign reserveslinkheldby the country stood at $18.74 billion.
Read Top Stories
Of the total, foreign reserves held by the State Bank of Pakistan wererecorded at $12.59 billion, while those held by commercial banks decreasedby $91 million to $6.15 billion.
It is pertinent to mention here that global watchdog Financial Action TaskForce (FATF) had said that Pakistanlink would remain on the greylist, and asked the country to implement the agreed-upon action plan untilJune.
