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HomeGeneralState Bank Pakistan (SBP) reserves have increased to $17.3 billion

State Bank Pakistan (SBP) reserves have increased to $17.3 billion

KARACHI: The State Bank of Pakistan (SBP) reported on Thursday that its foreign exchange reserves climbed by $126 million to $17.326 billion in the week ended November 5 owing to official inflows for the government.

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The country’s overall reserves, on the other hand, rose by $100 million to $24.025 billion, while commercial bank reserves fell by $27 million to $6.699 billion.

With an anticipated $3 billion influx from Saudi Arabia, Pakistan expects to boost its reserves.

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