SBP reserves rise $240m to $8.68bn

The foreign exchange reserves held by the central bank rose 2.84pc on a weekly basis, as per the data released by the State Bank of Pakistan (SBP) on Thursday.

On November 22, the foreign currency reserves held by the SBP were recorded at $8,682.3 million, up $240 million compared with $8,442.1 million in the previous week. The central bank attributed the increase to official inflows.

The overall liquid foreign currency reserves held by the country, including net reserves held by banks other than the SBP, stood at $15,577.7 million. Net reserves held by banks amounted to $6,895.4 million.

- Advertisement -

1 COMMENT

Comments are closed.

- Advertisement -

Must Read

Profit outflows increase by 74pc in 2 months of FY2023-24

The relaxation of capital controls has driven a significant increase in profit outflows by foreign investors, surging by 74.46 percent during the initial two...