Pakistan’s total liquid foreign reserves surge over $14.62bn

Pakistan’s total liquid foreign reserves surge over $14.62bn

Pakistan’s total liquid foreign reserves surge over $14.62bn

Pakistan’s total liquid foreign reserves surge over $14.62bn

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KARACHI: The total liquid foreign reserves of Pakistan increased to US$ 14,626.4 million while foreign reserves held by State Bank of Pakistan stood at $ 9,135.5 million in the week ended on May 10, 2024.

The SBP, in a statement issued here on Thursday, informed that foreign reserves held by the central bank increased by $ 15 million to $ 9,135.5 million during the week under review. Meanwhile, net foreign reserves held by commercial banks were recorded $ 5,490.9 million, it added.

Total liquid foreign reserves held by the country, in the previous week ended on May 03, 2024, were $ 14,458.9 million. Among them foreign reserves held by the central bank were $ 9,120.3 million while net foreign reserves held by commercial banks were $ 5,338.6 million.

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