Business
SBP-held forex reserves surge $24mn, clock in at $9.53bn
The central bank didn't specify a reason for the increase in reserves
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.
-
Business 1 day ago
FBR to abolish category of non-filers
-
Business 1 day ago
Gold price hikes by Rs2,500 per tola in Pakistan
-
Business 1 day ago
Pakistan's economy improving, inflation declining: ADB
-
Entertainment 1 day ago
Amar Khan calls nation ‘ignorant’ for commenting on others
-
Pakistan 1 day ago
Zartaj Gul granted interim bail in vandalism case
-
Pakistan 1 day ago
Pakistan to not progress without good politics: Maryam Nawaz
-
Crime 1 day ago
12 injured in Quetta explosion near security forces vehicle
-
Pakistan 1 day ago
Govt clarifies to not try Imran Khan in military court