In a positive development, Pakistan Foreign Exchange reserves register significant rise

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In a positive development, Pakistan Foreign Exchange reserves register significant rise

ISLAMABAD: In a positive development, Pakistan Foreign Exchange reserves register significant rise.

Foreign exchange reserves held by the State Bank of Pakistan (SBP), during the week ending January 17, increased by $146 million to $11.73 billion.

According to the data released by the central bank, the total liquid foreign reserves held by the country stood at $18,271 million on 17th of this month. The break-up of the foreign reserves position is as under:

Foreign reserves held by the State Bank of Pakistan: $11,731.5 million

Net foreign reserves held by commercial banks: $6,539.5 million

Total liquid foreign reserves: $18,271 million

Earlier on January 16, the State Bank of Pakistan’s (SBP) net reserves had increased by $82.3 million to $11.58 billion during the week ending January 10, ARY News reported.

According to the data released by the central bank, the country’s total foreign reserves stood at $18.12 billion.

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