ISLAMABAD – With a big increase, Pakistan Foriegn Exchange Reserves histhighest level of FY 2019.
According to the weekly report of State Bank of Pakistanlink (SBP), foreign exchange reservesof Pakistan are at the highest since June 2019.
The total foreign exchange reserves of Pakistan crossed the $15.5 billionmark reaching a total of $15,577.7 million during the week that ended onNovember 22nd.
As per the report, the total foreign reserves of State Bank have recordedan increase of $240 million and stand at $8,682.3 million. While thecommercial banks have a total of $6,895.4 million of foreign reserves.
At the end of October, the total foreign exchange reserves of the countrystood at $15,423.8 million.
The total foreign exchange reserves of Pakistan were recorded at $13,756.8million at the end of 2018.
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Historic Foreign Exchange Reserves
Pakistan’s foreign exchange reserves reached an all-time high in 2016.During October 2016, total foreign exchange reserves stood at $24,025.80million.
All-time lowest foreign exchange reserves of Pakistan were recorded in 1999when the country had $1,973.60 million in reserves.
