SBP-held foreign exchange reserves increase $43mn, now stand at $9.51bn

SBP-held foreign exchange reserves increase $43mn, now stand at $9.51bn

Foreign exchange reserves held by the State Bank of Pakistan (SBP) increased by $43 million on a weekly basis, clocking in at $9.51 billion as of September 13, data released on Thursday showed.

Total liquid foreign reserves held by the country stood at $14.83 billion. Net foreign reserves held by commercial banks stood at $5.32 billion.

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

“During the week ended on 13-Sep-2024, SBP reserves increased by US$ 43 million to US$ 9,509.6 million,” it said.

Last week, SBP foreign exchange reserves increased by $30 million.

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