The central bank didn't specify a reason for the increase in reserves
Published 2 years ago on Sep 27th 2024, 2:23 am
By Web Desk
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.
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