SBP reserves rise $13m to $16.1b

KARACHI: The State Bank of Pakistan’s (SBP) foreign exchange reserves rose by $13 million on a weekly basis, data released by the central bank on Thursday showed.

On June 25, the foreign reserves held by the State Bank of Pakistan (SBP) were recorded at $16,119.4 million, showing an increase of $13 million when compared with $16,106.1 million recorded on June 18.

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Overall liquid foreign currency reserves held by the country, including net reserves held by commercial banks, stood at $23,297.4 million.

Net reserves held by banks were recorded at $7,178 million.

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