SBP Reserves Surge to $11.17 Billion Following Latest Boost

By Huma Ishfaq ⏐ 3 months ago ⏐ Newspaper Icon Newspaper Icon 2 min read
Sbp Reserves Surge To 11 17 Billion Following Latest Boost

The State Bank of Pakistan (SBP) reports a weekly increase of $18 million in foreign exchange reserves, as shown in data released by the central bank on Thursday.

The most recent information available from the SBP indicates that their foreign currency reserves were $11.175 billion on November 1, an increase of $18 million from $11.156 billion on October 25, according to their most recent data release.

With a decrease of 117 million dollars from the previous week, the total value of the country’s liquid foreign currency reserves—which include net reserves held by banks other than the SBP—is $15.932 billion.

Net reserves kept by banks were $4.75 billion, which is $117 million less than the previous week.

Related Posts

Govt Seeks World Bank Approval To Revise Punjabs 200m Health And Education Plan

World Bank Reviews Progress of $400M Higher Education Project in Pakistan

By Tech Desk ⏐ 4 hours ago

ISLAMABAD: The World Bank stocktaking mission recently held a series of meetings with the Higher Education Commission (HEC) to review the progress of the…

Govt Plans to Repurpose 3,400 Closed CNG Stations for EV Charging Hubs

By Tech Desk ⏐ 5 hours ago

Islamabad: The government is taking significant steps to boost the country’s electric vehicle (EV) infrastructure, with plans to repurpose 3,400 closed CNG stations into…

Get Alerts