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.