Islamabad, Aug 22: Data released by the central bank on Thursday showed that the State Bank of Pakistan’s (SBP) foreign exchange reserves had increased by $19 million on a weekly basis.
The SBP reported that as of August 16, its foreign currency reserves stood at $9.292 billion, up $19 million from $9.273 billion on August 9. This information is based on the most recent statistics the SBP has made available, with net reserves held by banks other than the SBP included, the nation’s total liquid foreign currency reserves were $14.667 billion as of the previous week, an increase of $22 million.
Bank net reserves were $5.376 billion at the end of the week, up $3 million from the previous week.
