SBP reserves rise $261m to $13.4bn

ISLAMABAD: The foreign exchange reserves held by the State Bank of Pakistan (SBP) increased 1.98pc or $261 million to $13.41 billion during the week ending on December 31, 2020, data issued by the central on Thursday showed.

Overall, liquid foreign currency reserves held by the country, including net reserves held by banks other than the SBP, stood at $20,512.1 million. Net foreign reserves held by commercial banks clocked in at $7.09 billion.

According to the central bank, the rise came on the back of official inflows of the government.

Earlier today, Prime Minister Imran Khan tweeted that he had received data on the regional export trends, according to which fared better than India and Bangladesh during Nov-Dec 2020.

“I wish once again to congratulate the exporters and the Ministry of Commerce for this achievement,” he stated.

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