SBP Foreign Exchange Reserves witness a massive increase of $359 million

sbp

Foreign exchange reserves held by the State Bank of Pakistan (SBP), during the week ending January 31, increased by $359 million.

According to the data released by the central bank, the total liquid foreign reserves held by the country increased by $282 million to $18.64 billion.

The break-up of the foreign reserves position is as under:

Foreign reserves held by the State Bank of Pakistan: $12.27 billion

Net foreign reserves held by commercial banks: $6.37 billion

Total liquid foreign reserves: $18.64 billion.

Earlier on January 30, foreign exchange reserves held by the State Bank of Pakistan (SBP), during the week ending January 24, had increased by $184 million to $11.9 billion.