SBP reserves up $74m to $12.5bn

KARACHI: Foreign exchange reserves held by the State Bank of Pakistan (SBP) increased by $74 million to $12,504.7 million during the week ending February 14, 2020, according to data released by the central bank on Thursday. 

The total liquid foreign reserves held by the country stood at $18,747.1 million, of which net foreign reserves held by commercial banks were recorded at $6,304.6 million.

The central bank did not cite a reason for the increase in reserves.

The total liquid foreign reserves have consistently been on the rise for the past seven months. The total reserves initially crossed the $15 billion mark in July 2019, crossed the $16 billion mark in November 2019, and finally crossed the $18 billion mark in January 2020. 

- Advertisement -
- Advertisement -

Must Read

GB Council approves auction of 4G internet services

ISLAMABAD: As the government is going to auction Next Generation Mobile Services (NGMS) spectrum in the country, Gilgit Baltistan Council has also approved auction...