SBP-held reserves rise by $22 million, now stand above 9 billion

Foreign exchange reserves held by the State Bank of Pakistan (SBP) increased by $22 million to $ 9.15 billion during the week ended on May 17, 2024.

According to the latest data shared by the SBP, the total liquid foreign reserves held by the country stood at $14.5 billion as of May 17, 2024. 

The break-up of the foreign reserves position shows that 9.15 billion were held by the central bank while net foreign reserves held by commercial banks stood at 5.428 billion