Pakistan’s forex reserves increase by $4mn to $13.4bn

Reserves held by the SBP stand at $8.021 billion, while those held by commercial banks stand at $5.405 billion

The State Bank of Pakistan (SBP) announced that Pakistan’s total liquid foreign exchange reserves reached $13.427 billion after an increase of $4 million during the week ending on March 22, 2024.

According to a press release issued by the central bank on Wednesday, the total foreign reserves held by the SBP were recorded at $8.021 billion.

Meanwhile, foreign exchange reserves held by the commercial banks of the country stood at $5.405 billion for the said period.

2 COMMENTS

LEAVE A REPLY

Please enter your comment!
Please enter your name here

Must Read

Over 150,000 retailers registered as first-time taxpayers, Finance Minister tells Fitch...

Representatives from Fitch Ratings acknowledged the government's ambitious fiscal targets and noted improvements in Pakistan's economic indicators