Friday, May 24, 2024

Pakistan’s State Bank Reserves Increase by $13 Million, Totaling $8.05 Billion

The State Bank of Pakistan (SBP) reported a $13 million increase in its foreign exchange reserves on a weekly basis, reaching $8.05 billion as of February 9, according to data released on Thursday.

The country's total liquid foreign reserves, including reserves held by commercial banks, amounted to $13.15 billion, with commercial banks holding $5.1 billion in net foreign reserves.

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While the central bank did not specify the reason for the increase in reserves, it noted that during the week ending February 9, 2024, SBP's reserves rose to $8,056.5 million.

This follows a decrease of $173 million in Pakistan's central bank reserves reported in the previous week.

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Zubair Yaqoob
Zubair Yaqoob
Zubair Yaqoob is a senior anchor, and an investigative journalist with an impressive 37 years of experience. Zubair's journalistic journey has been marked by a relentless pursuit of truth and a commitment to delivering impactful stories.Zubair's expertise extends beyond borders, reaching as far as Malaysia, where he has left an indelible mark on the international journalism landscape. His global perspective and keen analytical skills have allowed him to navigate diverse cultural landscapes, bringing a unique and enriching perspective to his reporting.Whether he's in the studio or on the field, Zubair continues to be a driving force in the world of journalism, bridging gaps, fostering understanding, and unraveling the stories that matter most. As the Headline PK Author, Zubair remains at the forefront of news, guiding audiences through the complexities of our ever-evolving world.

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