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SBP reserves increased by $118m, now stand at $10.3b

SBP reserves increased by $118m, now stand at $10.3b

Business

The State Bank also highlighted the reserves of commercial banks also increased 113 million dollars

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KARACHI (Dunya News) - The State Bank of Pakistan has reported a major increase in its foreign reserves.

As per a new report, the reserves were increased by 118 million dollars. Right now, the reserves stood at 10.3 billion dollars.

The State Bank also highlighted the reserves of commercial banks also increased 113 million dollars and now they stood at 5.15 billion dollars.

Related story: SBP's forex reserves move up by $9 million

The total reserves witnessed an increase of 231 million dollars which pushed the total amount of reserves to 15.4 billion dollars.