Pakistan's forex reserves cross $16 billion, SBP data shows
Business
The central bank's reserves stood at $11.418 billion after addition of $130 million
KARACHI (Dunya News) – Pakistan’s total foreign exchange reserves soared to $16.076 billion, the State Bank of Pakistan (SBP) data showed.
According to the data, the central bank's reserves stood at $11.418 billion after addition of $130 million for the week ending November 22, 2024.
The commercial banks collectively held $4.657 billion, the data showed.
It may be recalled that SBP’s forex reserves are still below the critical levels in the pre-COVID years when the liquid reserves consistently hovered above $20 billion.
