Foreign exchange reserves of Pakistan increased by $11m: State Bank – Research Snipers

Foreign exchange reserves of Pakistan increased by $11m: State Bank

The central bank of Pakistan has recorded an increase of 11 million US dollars in its weekly reserves report published a day earlier (Thursday).

During the previous week ending on June 12, the State Bank of Pakistan said that its foreign reserves increased to 10,107.1 million US dollars, recording an increase of 11 million US dollars.

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It is pertinent to mention here that currently, the net foreign reserves held by the commercial banks of the country stand at 6,668.2 million US dollars.

According to the report published by the State Bank of Pakistan on Thursday, the country has a total of 16,775.3 million US dollars in liquid foreign reserves.

The reports from the previous week, ending June 5, recorded a decrease of 266.3 million US dollars in the reserves of the State Bank of Pakistan (SBP) to 10,095.8 million US dollars.

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