SBP's foreign exchange reserves rise $4m to $13b

SBP reserves rise $4m to $13b

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KARACHI: The State Bank of Pakistan’s (SBP) foreign exchange reserves were recorded at $13 billion during the week ending on March 12, showing an increase of $4 million or 0.03%.

According to the central bank, overall liquid foreign currency reserves held by the country, including net reserves held by banks other than the SBP, stood at $20 billion.

Total liquid foreign #reserves held by the country stood at US$ 20.16 billion as of March 12, 2021. For details: https://t.co/WpSgomnd3v pic.twitter.com/ZfJvClBPZN

— SBP (@StateBank_Pak) March 18, 2021

Net reserves held by commercial banks amounted to $7 million.

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Overall liquid foreign reserves held by the country stood at US$ 20.15 billion as of March 5, 2021. Net reserves held by the SBP stood at $13.16 billion while net reserves held by the commercial banks reduced by $14 million to $7.14 billion.