SBP reserves up $40m to $8.4bn

The foreign exchange reserves held by the central bank increased 0.5pc on a weekly basis, according to data released by the State Bank of Pakistan (SBP) on Thursday.

On November 8, the foreign currency reserves held by the SBP were recorded at $8,397.3 million, up $40 million compared with $8,357.6 million in the previous week. The SBP, in its report, cited no reason for the increase in reserves.

The overall liquid foreign currency reserves held by the country, including net reserves held by banks other than the SBP, stood at $15,502.4 million. Net reserves held by banks amounted to $7,105.1 million.

Must Read

Walt Disney forms business unit to coordinate use of AI, augmented...

Walt Disney is forming a new group to coordinate the company's use of emerging technologies such as artificial intelligence and mixed reality, as the media...