Pakistan’s foreign exchange reserves rose by 0.18% on a week-on-week basis, with the total standing at $7.51 billion, according to data released by the State Bank of Pakistan (SBP) on Thursday.
In the week ended on October 27, 2023, the central bank’s foreign currency reserves stood at $7,507.8 million, up $13.6 million as compared to the previous week’s tally of $7,494.2 million. The SBP cited no reason for the increase in reserves. Total liquid foreign currency reserves of the country, including the reserves held by commercial banks, reached $12,576.6 million. Banks had reserves of $5,068.8 million.
Earlier, the reserves improved significantly following financial assistance from the IMF under its $3 billion standby arrangement and dollar deposits by friendly nations.
Published in The Express Tribune, November 3rd, 2023.
Like Business on Facebook, follow @TribuneBiz on Twitter to stay informed and join in the conversation.
1719319701-0/BeFunky-collage-(10)1719319701-0-165x106.webp "article")
1730379446-0/WhatsApp-Image-2024-10-31-at-17-56-13-(1)1730379446-0-270x192.webp "pia to expand network to europe uk")
1735025557-0/Untitled-(96)1735025557-0-270x192.webp "christopher nolan casts zendaya tom holland anne hathaway and more in adaptation of the odyssey")
COMMENTS
Comments are moderated and generally will be posted if they are on-topic and not abusive.
For more information, please see our Comments FAQ