Central bank did not specify a reason for the increase in reserves
Published 3 months ago on Dec 12th 2024, 7:32 pm
By Web Desk
Karachi: The State Bank of Pakistan (SBP)-led foreign exchange reserves increased by $13 million on a weekly basis, clocking in at $12.05 billion as of December 6.
According to data released by the central bank on Thursday, total liquid foreign reserves held by the country stood at $16.60bn. Net foreign reserves held by commercial banks stood at $4.55bn.
The central bank did not specify a reason for the increase in reserves.
“During the week ended on 06-Dec-2024, SBP reserves increased by US$ 13 million to US$ 12,050.8 million,” it said.
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