SBP reserves jump $535m to $8.26bn


ISLAMABAD: After receiving inflows of $500 million from the Asian Development Bank (ADB), the country’s total liquid foreign reserves stood at $15,577 million as on August 9, the State Bank of Pakistan (SBP) reported on Saturday.

As per details, the foreign reserves held by the State Bank of Pakistan stood at $8,264.4 million while the net foreign reserves held by commercial banks stood at $7,313.1 million.

During the week under review, SBP’s reserves increased by $535 million.

“The increase in SBP’s reserves is mainly due to the inflow of $500 million received from Asian Development Bank (ADB),” the SBP stated.


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