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Monday, November 25, 2024

Home Business SBP reserves up by $14m to $10.9b

SBP reserves up by $14m to $10.9b

by admin
December 27, 2019
in Business

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Staff Reporter

Karachi

The total liquid foreign reserves held by the country stood at $17.595 billion.
Foreign reserves held by the State Bank of Pakistan (SBP) stood at $10.907 billion. Net foreign reserves held by commercial banks stood at $6.687 billion. During the week ending 20, SBP reserves increased by $14 million to $10.907 billion. On 23-December-2019, SBP received US$452.4 million from International Monetary Fund (IMF) as second tranche under EFF program. These funds will be part of SBP weekly reserves data as of 27-December-2019.