Foreign reserves of Pakistan witnessed a dip by $305 million

As disclosed by the State Bank of Pakistan (SBP), the foreign reserves of the country witnessed a dip of $305 million.

State Bank of Pakistan

The foreign exchange reserves held by the SBP witnessed a dip of $305 million making the total reserves stood at $13,110 million.

The total liquid foreign exchange reserves held by Pakistan stood at $20.24 billion, including $7,130.9 million forex holdings of the commercial banks.

Earlier on November 12, the foreign exchange reserves maintained by the SBP had grown by $558 million to $12.74 billion during the week ended on 6th of November.

According to the data released by the bank, net reserves held by the SBP were $12.74 billion.

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

The report also added that the overall liquid foreign exchange reserves held by the country were $19.9 billion.

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