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SBP’s Forex reserves stand at $7.59b

by Web Desk
October 21, 2022
in Business, Economy, Finance
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The foreign exchange reserves held by the central bank remained almost flat on a week-on-week basis, according to data released by the State Bank of Pakistan (SBP) on Thursday.

The SBP’s foreign exchange assets were valued at $7,597.2 million on October 14 just $0.3 million more than they were on October 7 ($7,596.9 million).

Overall liquid foreign currency reserves held by the country, including net reserves held by banks other than the SBP, stood at $13,250.9 million. Net reserves held by banks amounted to $5,653.7 million.

The SBP received $1.166 billion from the IMF through the Extended Fund Facility during the week of September 2, 2022. (EFF). The SBP’s foreign exchange holdings were valued at $8.799 billion, up $1.103 billion from $7.697 billion on August 26.

Tags: ForexlatestPakistanSBP
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