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Pakistan’s Total Liquid Foreign Reserves Reach at $ 12.57 bln

admin-augaf by admin-augaf
November 3, 2023
in Business, Finance
Reading Time: 1 min read
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No Further Hike in Interest Rate by SBP Despite Higher Inflation
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KARACHI, November 03 2023: The total liquid foreign reserves of Pakistan stood at US$ 12,576.6 million while the central bank held the reserves of $ 7,507.8 million.

The State Bank of Pakistan, in a statement issued here on Thursday, informed that SBP’s reserves increased by US$ 14 million to US$ 7,507.8 million during the week ended on October 27, 2023.

Meanwhile, net foreign reserves held by commercial banks stood at $ 5,068.8 million, it added.

Total liquid foreign reserves held by the country, in the previous week ending on October 20, 2023, were US$ 12,655.6 million. Among them foreign reserves held by the central bank were $ 7,494.2 million while net foreign reserves held by commercial banks were $ 5,161.4 million.

Source: APP

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