KARACHI: The Foreign exchange reserves registered a surge of $3 million, bringing up the level to $7.96 billion during the week ended on November 11,
KARACHI: The Foreign exchange reserves registered a surge of $3 million, bringing up the level to $7.96 billion during the week ended on November 11, 2022, according to data released by the State Bank of Pakistan (SBP).
Also read: State Bank introduces whistle blowing forum to discourage unauthorized Forex activities
forex
The SBP data shows that the total liquid foreign reserves held by the country stood at $13.8 billion. Net foreign reserves held by commercial banks clocked in at $5.84 billion.
The SBP in a statement issued here on Friday said “during the week ended on November 11, SBP’s reserves increased by $3 million to $7,959.5 million.”
Also read: Pakistan’s forex reserves plummet $956mn to $7.96bn
The central bank’s reserves registered a reduction of $956 million due to debt payments, which fell to $7.96 billion as of November 4, 2022.
news.google.com