Foreign exchange reserves of Pakistan reached $13.4 billion

According to SBP, the foreign exchange reserves reached $13.4 billion during this week. This is after an increment of $484 million.

According to the State bank of Pakistan (SBP), the foreign exchange reserves reached $13.4 billion after an increment of $484 million during the week.

The exact figure as quoted by the central bank stood at $13,415.5 million.

Furthermore, the overall liquid foreign exchange reserves held by the country is $20.5 billion, including $7.13 billion forex holdings of the commercial banks.

It was also mentioned that on November 12, the foreign exchange reserves held by the SBP reached $12.74 billion with an increment of $558 million within just a week.

A statement from the SBP said:

The increase in reserves is mainly attributed to the receipt of $500 million as GOP loan proceeds,

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