Foreign reserves surge by $77 million
Overall liquid foreign currency reserves held by the country stood at $16,149.8 million. PHOTO: FILE
Pakistan’s foreign exchange reserves witnessed a noteworthy $77 million, or 1.07% increase on a week-on-week basis, reaching $7,257.0 million, the State Bank of Pakistan (SBP) reported on Thursday.
As of the week ended on November 24, 2023, the SBP’s foreign currency reserves stood at $7,257.0 million, showing a considerable increase of $77 million compared to the previous week’s total of $7,180.0 million.
The SBP has not mentioned the source that triggered the improvement in its reserves.
The total liquid foreign currency reserves, including the reserves held by commercial banks, amounted to $12,392.8 million.
Net foreign reserves held by commercial banks stood at $5,135.8 million.
Last week, the country’s forex reserves had dropped by $217 million.
Published in The Express Tribune, December 1st, 2023.
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