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Thursday, November 14, 2024

Home Business SBP reserves soar by $582m

SBP reserves soar by $582m

by admin
January 3, 2020
in Business

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Staff Reporter

Karachi

The total liquid foreign reserves held by the country stood at $18.081 billion on 27-December-2019. Foreign reserves held by the State Bank of Pakistan stood at $11.489 billion. Net foreign reserves held by commercial banks stood at $ 6.592 billion. During the week ending 27-December-2019, SBP reserves increased by $582 million to $11.489 billion. This increase is attributed to bilateral and multilateral inflows including proceeds of $452.4 million received from IMF under EFF program.