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Friday, November 15, 2024

Home Business State Bank of Pakistan’s liquid foreign reserves rise by $494 million

State Bank of Pakistan’s liquid foreign reserves rise by $494 million

by Staff Report
July 4, 2024
in Business, Pakistan

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KARACHI – Pakistan’s liquid foreign reserves reached $14,573 million as of June 28, 2024.

As per the data released by the State Bank of Pakistan (SBP) on Thursday, liquid foreign reserves held by the central bank stood at $9,389.5 million. Net foreign reserves held by the commercial banks stood at $5,183.5 million as of June 28, 2024.

During the week ended on June 28, 2024, SBP’s reserves increased by $494 million to $9,389.5 million due to official inflows from multilateral agencies.