Pakistan’s foreign exchange reserves stand at US$14.67bn
- By Web Desk -
- Aug 22, 2024
KARACHI: Pakistan’s total foreign exchange reserves stood at US$ 14. 67 billion as of August 16, showing a slight increase from the previous week, ARY News reported citing the State Bank of Pakistan (SBP).
According to a statement issued by the central bank, Pakistan’s reserves held by the SBP increased by 19 million to US$ 9.29 billion during the week ended on 16th August.
Meanwhile, the country’s net foreign reserves held by commercial banks stood at $5.375 billion during the period.
“During the week ended on 16-Aug-2024, SBP reserves increased by US$ 19 million to US$ 9,291.8 million,” the SBP statement read.
Earlier it was reported that Pakistan’s foreign exchange reserves held by the SBP increased by US$ 119 million to US$ 9.27 billion during the week ended on 9th August.
According to the central bank, Pakistan’s total foreign exchange reserves stood at US$ 14. 64 billion during the period. Meanwhile, the country’s net foreign reserves held by commercial banks stood at US$ 5.37 billion as of 9th August.
“During the week ended on 9-Aug-2024, SBP reserves increased by US$ 119 million to US$ 9,272.6 million,” the statement added.