Pakistan's forex reserves rise by $31m last week
Business
SBP’s reserves surged to $ 7.646bn during the week ended on Oct 6
KARACHI (Web Desk) - The State Bank of Pakistan’s (SBP)-led foreign exchange reserves witnessed $31 million increase during the last week.
The central bank’s reserves rose to $ 7.646 billion during the week ended on October 6, 2023 compared to $7.615 billion as of September 28, 2023.
Total liquid foreign #reserves held by the country stood at US$ 13.03 billion as of October 06, 2023.
— SBP (@StateBank_Pak) October 13, 2023
For details https://t.co/WpSgomnKT3#SBPReserves pic.twitter.com/eV5q9paBeE
However, during the week under review, net foreign exchange reserves held by commercial banks declined by $32 million to $5.383bn.
The country’s total liquid foreign reserves held by the country remained stable at $13.030bn by end of the last week.
