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Pakistan’s foreign exchange reserves increase to $11.7bn

SBP
ISLAMABAD: Foreign reserves carried by the State Bank of Pakistan (SBP) improved by 146 million dollars to 11.73 billion dollars during the ending week of January.
According to data released by the central bank, on the 17th of this month, the total liquid foreign reserves held by the country stood at $18,271 million.

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The foreign reserves held by the State Bank were $11,731.5 million, net foreign reserves held by commercial banks were $6,539.5 million, and total liquid foreign reserves were $18,271 million.
Earlier on January 16, during the week ending on January 10, the State Bank of Pakistan (SBP) increased its net reserves by $82.3 million to $11.58 billion. The country’s total foreign reserves stood at $18.12 billion, according to data released by the central bank.

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The breakdown of the position on foreign reserves was as Foreign reserves held by Pakistan State Bank, $11.58 billion. Net foreign reserves held by commercial banks, $6.53 billion. Total foreign liquid reserves $18.12 billion.
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