SBP-held foreign exchange reserves increase $33mn, now stand at $9.44bn – Markets

Foreign exchange reserves held by the State Bank of Pakistan (SBP) increased by $33 million on a weekly basis, clocking in at $9.44 billion as of August 30, data released on Thursday showed.

Total liquid foreign reserves held by the country stood at $14.74 billion. Net foreign reserves held by commercial banks stood at $5.30 billion.

The central bank did not specify a reason for the increase in the reserves.

“During the week ended on 30-Aug-2024, SBP reserves increased by US$ 33 million to US$ 9,436.8 million,” it said.

Last week, SBP foreign exchange reserves increased by $112 million.

Foreign exchange reserves held by the State Bank of Pakistan (SBP) increased by $33 million on a weekly basis, clocking in at $9.44 billion as of August 30, data released on Thursday showed.

Total liquid foreign reserves held by the country stood at $14.74 billion. Net foreign reserves held by commercial banks stood at $5.30 billion.

The central bank did not specify a reason for the increase in the reserves.

“During the week ended on 30-Aug-2024, SBP reserves increased by US$ 33 million to US$ 9,436.8 million,” it said.

Last week, SBP foreign exchange reserves increased by $112 million.