The central bank’s foreign exchange reserves increased by 1.13% in the past week, according to data released Monday by the State Bank of Pakistan (SBP).
On May 7, the foreign exchange reserves of the SBP were registered at USD 15,774.5 million, marking an increase of USD 177 million compared to USD 15,597.9 million in the previous week.
According to the central bank, the increase was due to official government inflows. The country’s total liquid foreign exchange reserves, including net reserves of Commercial banks and SBP, amounted to USD 22,910.3 million. Net reserves with banks amounted to USD 7,135.8 million.
Reserves also increased on $ 2.5 billion in inflows from China.
The following two tabs change content below.
Latest posts by News Desk (see all)
- PSX Weekly Review: 22-September-2023 - September 22, 2023
- Fatima Fertilizer to invest PKR 7.6bn in REITs - September 22, 2023
- EuroZone Economic contraction in September - September 22, 2023
