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.
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.
Pakistan's government is in talks to renegotiate contracts with independent power producers (IPPs) in a…
Simon Milner, Meta’s Vice President of Public Policy for the Asia Pacific region, joined Talha…
Women have emerged as the top winners in the State Bank of Pakistan’s (SBP) competition…
The federal government has announced a series of austerity measures, including a ban on new…
Pakistan cricket team's wicket-keeper and batsman Mohammad Rizwan has emerged as a strong candidate for…
Wenchang city, located in the northeast of Hainan Island, China, was struck by Typhoon Yagi,…
This website uses cookies.