Pakistan’s Foreign Reserves Rise to $16.11 Billion SBP Reports Increase
According to a statement issued by the central bank, total liquid foreign reserves held by the country stood at $16.11 billion. Net foreign reserves held by commercial banks stood at $5.09 billion.
“During the week ended on 11-Oct-2024, SBP reserves increased by US$ 215 million to US$ 11,022.7 million,” it said.
The central bank did not specify a reason for the increase in reserves.
Earlier on October 10, Pakistan’s total foreign exchange reserves stood at US$ 16. 04 billion during the week ending on 4th October 2024.
According to a statement issued by the central bank, Pakistan’s reserves held by the SBP increased by US$ 106 million to US$ 10.8 billion during the period.
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