Thursday, February 2, 2023
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.

Also read: From SBP and GoP, eight banks will put out collateral-free credit initiative for SMEs

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.



Please enter your comment!
Please enter your name here

Most Popular

Recent Comments