SBP-held forex reserves surge $24mn, clock in at $9.53bn

Karachi: The country's foreign exchange reserves held by the State Bank of Pakistan (SBP) jumped by $24 million on a weekly basis, clocking in at $9.53 billion as of September 20.

The central bank did not specify a reason for the increase in reserves.

According to the data released on Thursday, total liquid foreign reserves held by the country stood at $14.87bn. Net foreign reserves held by commercial banks stood at $5.34bn.

“During the week ended on 20-Sep-2024, SBP reserves increased by US$ 24 million to US$ 9,533.6 million,” it said. Last week, SBP foreign exchange reserves increased by $43 million.