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Liquid Foreign Reserves Increase by 13.7% – SBP

byIrtabat Nasir
March 25, 2021
in Business, Economy, Finance, Main, New
Reading Time: 2 mins read
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Foreign Reserves of Pakistan Rally to $12 Billion
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Liquid Foreign Currency Reserves have increased by a 1.37% over the other week. As per the data released by the State Bank of Pakistan. Last week the reserves for foreign currency held by the central bank were $13,295 Million. However, this amount when compared to last week’s reserves were up by $275 Million.

SBP has given no clarification for the reserves crawling up.

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Total liquid foreign #reserves held by the country stood at US$ 20.43 billion as of March 19, 2021. For details: https://t.co/WpSgomnd3v pic.twitter.com/mNDE4RbCTp

— SBP (@StateBank_Pak) March 25, 2021

The net stores with different banks stayed at a similar level as the most recent week, with just a moderate increment of $0.2 million, from $7,139.4 million on March 12 to $7,139.6 on March 19.

In general fluid unfamiliar money holds held by the nation, including net stores held by banks other than the SBP, remained at $20,434.6 million, higher by similar sum as net stores with the SBP, up from $20,159 million the prior week.

With Pakistan hoping to get the $500 million credit tranche from the International Monetary Fund (IMF) sooner rather than later, the SBP saves are additionally prone to hop in the coming days.

Tags: DollarForeign Direct InvestmentForeign ReservesLiquid Foreign ReservesPak Ruppee
Irtabat Nasir

Irtabat Nasir

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