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State Bank’s reserves rise by $45 million

KARACHI: The State Bank of Pakistan’s (SBP) reserves increased by $45 million to $8.44 billion during one week ending on November 15.

According to data released by the central bank, the total liquid foreign reserves held by the country stood at $15.46 billion on November 15.

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

Foreign reserves held by the State Bank of Pakistan:  $8.44 billion

Net foreign reserves held by commercial banks:  $7.02 billion

Total liquid foreign reserves:  $15.46 billion

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