SBP reserves up $71.9m to 12.7bn

The central bank’s foreign exchange reserves increased 0.6pc on a weekly basis, according to data released by the State Bank of Pakistan (SBP) on Thursday.

On August 28, the SBP-held foreign currency reserves were recorded at $12,712.7 million, up $71.9 million compared with $12,640.8 million in the previous week.

The central bank cited no reason for the rise in reserves.

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Overall, liquid foreign currency reserves held by the country, including net reserves held by banks other than the SBP, stood at $19,842.8 million. Net reserves held by banks amounted to $7,130.1 million.

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