SBP reserves up $188m to $13.29bn

KARACHI: The foreign exchange reserves held by the central bank rose $188 million on a weekly basis, according to data released by the State Bank of Pakistan (SBP) on Thursday.

On December 4, forex reserves held by SBP were recorded at $13,298.5 million, as against $13,110.9 million in the previous week.

Overall, liquid foreign reserves held by the country, including net reserves held by banks other than the SBP, stood at $20.402 billion. Net foreign reserves held by commercial banks clocked in at $7,103.9 million.

During the week under review, SBP received $359 million from multilateral/bilateral sources, including $307 million from the Asian Development Bank.

Must Read

Saudi Arabia pledges strategic economic partnership with Pakistan

KSA's Deputy Investment Minister Ibrahim Almubarak highlights economic potential of Pakistan, citing demography, location, and natural resources as key factors that make the country a high priority investment destination