Staff Reporter
Karachi
The State Bank of Pakistan’s net reserves increased by $13 million to $12.82 billion during the week ending on 11th of September. Detailing the position of the reserves, the SBP, in a statement said that the overall foreign reserves of the country stood at $19.95 billion. Giving its breakup, it said that the SBP currently held the foreign reserves of up to $12.82 billion and $7.13 billion reserves held by the commercial banks. Earlier on September 11, the State Bank of Pakistan’s (SBP) net reserves had been increased by $95 million to $12.8 billion during the week ending on 4th of September.In a statement, the central bank had attributed the surge mainly to the loan by Asian Development Bank that reflected in balance sheet.
