SBP reserves up $95m to $12.8bn

KARACHI: The foreign exchange reserves held by the State Bank of Pakistan increased 0.74pc on a weekly basis, according to data released by the central bank on Thursday.

On Sept 4, foreign currency reserves held by the SBP were recorded at $12,807.8 million, up $95 million compared with $12,712.7 million in the previous week.

The central bank attributed the increase to proceeds worth $121 million received from the Asian Development Bank (ADB).

- Advertisement -

The overall liquid foreign currency reserves held by the country, including net reserves held by banks other than the SBP, stood at $19,961.3 million. Net reserves held by banks amounted to $7,153.5 million.

- Advertisement -
- Advertisment -

Must Read

It was all just a dream, Imran realises after waking up...

A disappointing turn of events on saturday for Chairman of the Pakistan Tehrik-e-Insaaf (PTI) Imran Khan as he realised that he had only been...