Staff Reporter
Karachi
The total liquid foreign reserves held by the country stood at $15.993 billion on 29-November-2019. Foreign reserves held by the State Bank of Pakistan stood at $ 9.112 billion.
Net foreign reserves held by commercial banks stood at $ 6.880 billion. During the week ending 29 November, SBP’s reserves increased by $431 million to $9.112 billion. In this fiscal year SBP reserves have increased by $ 1.8 billion.
The FX swaps / forward liabilities have reduced by $ 1.95 billion between June-Oct 2019. Increase in the liquid SBP reserves and the reduction of the swaps / forward liabilities reflects the build-up of FX buffers.
