SBP foreign exchange reserves increase by $61 million

KARACHI: The foreign exchange reserves held by the State Bank of Pakistan (SBP) increased by $61 million to $12.182 billion during the week ended on October 29.

According to data released by the central bank, net reserves held by the SBP stood at $12.182 billion.

Also Read: Country attracts $176.8 million foreign investment during July-November

The overall liquid foreign exchange reserves held by the country stood at $19.353 billion, including $7.171 billion forex holdings of the commercial banks.

Total liquid foreign #reserves held by the country stood at US$19.35 billion as of October 29, 2020. For details: https://t.co/WpSgomnd3v pic.twitter.com/wEl5hn4N1z

— SBP (@StateBank_Pak) November 5, 2020

On October 29, the State Bank of Pakistan (SBP) had announced an increase of $55 million in the foreign reserves of the country during the week ended on 23 October. The total liquid foreign reserves held by the country stood at $19.296 billion.

Also Read: Country’s budget deficit soars to Rs484bn

The reserves held by the State Bank of Pakistan stood at $12.121 billion and those of the commercial banks at $7.175 billion.