In another positive development, SBP Foreign Exchange Reserves register increase

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In another positive development, SBP Foreign Exchange Reserves register increase

KARACHI: In another positive development, State Bank of PAKISTAN Foreign Exchange Reserves register increase.

The State Bank of Pakistan’s (SBP) reserves increased by $45 million to $8.44 billion during one week ending on November 15.

According to data released by the central bank, the total liquid foreign reserves held by the country stood at $15.46 billion on November 15.

The break-up of the foreign reserves position is as under:

Foreign reserves held by the State Bank of Pakistan: $8.44 billion

Net foreign reserves held by commercial banks: $7.02 billion

Total liquid foreign reserves: $15.46 billion.

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