SBP reserves surge by $275m to $13.3bn

KARACHI: The foreign exchange reserves held by the State Bank of Pakistan (SBP) increased by 2.11pc on a weekly basis, according to data released on Thursday.

According to the details, forex reserves held by the SBP were reported to be at $13,295 million, up BY $275 million in contrast with $13,019.7 million in the last week.

Moreover, the liquid foreign currency reserves including net reserves held by banks other than the SBP were recorded at $20,434.6 million. In addition to that, the net reserves held by banks amounted to $7,139.6 million

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