ISLAMABAD: In a positive development, Pakistan Foreign Exchange reservesregister significant rise.
Foreign exchange reserves held by the State Bank of Pakistan (SBP), duringthe week ending January 17, increased by $146 million to $11.73 billion.
According to the data released by the central bank, the total liquidforeign reserves held by the country stood at $18,271 million on 17th ofthis 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
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Total liquid foreign reserves: $18,271 million
Earlier on January 16, the State Bank of Pakistan’s (SBP) net reserves hadincreased by $82.3 million to $11.58 billion during the week ending January10, ARY News reported.
According to the data released by the central bank, the country’s totalforeign reserves stood at $18.12 billion.
