SBP reserves rise $37.7m to $13bn

ISLAMABAD: The foreign exchange reserves held by the central bank increased by $37.7 million on weekly basis, according to data released by the State Bank of Pakistan (SBP) on Thursday.

On March 5, the foreign currency reserves held by the SBP were recorded at $13,016.1 million compared with $12,978.4 million in the previous week.

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

Overall, liquid foreign currency reserves held by the country, including net reserves held by banks other than the SBP, stood at $20,157.9 billion. Net reserves held by banks amounted to $7,141.8 million.

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