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Friday, 27 September 2024

Pakistan’s foreign exchange reserves stand at US$ 14.87bn: SPB

Pakistan’s foreign exchange reserves, SBP

KARACHI: Pakistan’s total foreign exchange reserves stood at US$ 14. 87 billion during the week ended on 20th September 2024, ARY News reported citing the State Bank of Pakistan (SBP).

According to a statement issued by the central bank, Pakistan’s reserves held by the SBP increased by US$ 24 million to US$ 9.53 billion during the period.

Meanwhile, the country’s net foreign reserves held by commercial banks stood at US$5.33 billion.

“During the week ended on 20-Sep-2024, SBP reserves increased by US$ 24 million to US$ 9,533.6 million,” the statement added.

Earlier, it was reported that Pakistan’s total foreign exchange reserves held by the State Bank of Pakistan increased by US$ 43 million to US$ 9.5 billion during the week ended on 13th September 2024

According to data shared by the central bank, Pakistan’s total foreign exchange reserves stood at US$ 14. 82 billion as of September 13.

Meanwhile, the country’s net foreign reserves held by commercial banks stood at US$5.31 billion during the period.

“During the week ended on 13-Sep-2024, SBP reserves increased by US$ 43 million to US$ 9,509.6 million,” the statement added.



source https://arynews.tv/pakistans-foreign-exchange-reserves-stand-at-us-14-87bn-spb/

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