SBP’s forex reserves rise above $4b mark

Total liquid forex reserves held by country reach $9,754m

The State Bank of Pakistan (SBP), in a statement issued here on Thursday, stated that reserves held by the central bank increased by $487 million to $4,301.0 million while net foreign reserves held by commercial banks were at $5,453 million.

Following the receipt of $500 million as GoP commercial loan from China, the total liquid foreign reserves held by the country reached $9,754.0 million as of March 3, it added.

In the previous week ended on February 24, total liquid foreign reserves hold by the country was $9,267.9 million. Among these, the foreign reserves held by the SBP were $3,814.1 million while net foreign reserves held by commercial banks were $5,453.8 million.

- Advertisement -
Monitoring Desk
Monitoring Desk
Our monitoring team diligently searches the vast expanse of the web to carefully handpick and distill top-tier business and economic news stories and articles, presenting them to you in a concise and informative manner.

LEAVE A REPLY

Please enter your comment!
Please enter your name here

- Advertisement -

Must Read

SBP suspends two exchange companies for violating rules

The State Bank of Pakistan (SBP) suspended the authorization of two exchange companies, citing serious violations of regulations and instructions. The suspensions took immediate effect...