SBP-held forex reserves surge $112mn

Karachi: The country's foreign exchange reserves swelled by $112 million on a weekly basis, clocking in at $9.4 billion as of August 23, the State Bank of Pakistan's data showed on Thursday. The central bank did not explain the reason behind the increase.

Total liquid foreign reserves held by the country stood at $14.77bn. Net foreign reserves held by commercial banks stood at $5.37bn.

According to the central bank, during the week ended on Aug 23, 2024, SBP reserves increased by $112mn to $9,403.4m.

Last week, SBP foreign exchange reserves jumped by $19m.