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Friday, January 10, 2025

Home Business State Bank of Pakistan’s liquid foreign reserves jump by $620 million

State Bank of Pakistan’s liquid foreign reserves jump by $620 million

by Staff Report
December 5, 2024
in Business, Featured

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KARACHI – Pakistan’s liquid foreign reserves stood at $16,620 million as of November 29, 2024.

As per the data released by the State Bank of Pakistan (SBP) on Thursday, foreign reserves held by the central bank stood at $12,038.3 million.

Net foreign reserves held by the commercial banks stood at $4,581.7 million as of November 29, 2024.

During the week ended on November 29, 2024, SBP’s reserves increased by $620 million to $12,038.3 million. The increase is mainly on account of the official inflow of $500 million from the Asian Development Bank (ADB).