SBP foreign reserves rise $1.1bn in a week

KARACHI: The State Bank of Pakistan’s (SBP) foreign exchange reserves rose by $1,112 million on a weekly basis, data released by the central bank on Thursday showed.

On July 2, the foreign reserves held by the State Bank of Pakistan (SBP) were recorded at $17,231 million, showing an increase of $1,112 million when compared with $16,119 million recorded on June 25.

Overall liquid foreign currency reserves held by the country, including net reserves held by commercial banks, stood at $24,414 million.

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Net reserves held by banks were recorded at $7,183 million.

On June 25, the foreign reserves held by the State Bank of Pakistan (SBP) had been recorded at $16,119.4 million.