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Pakistani central bank's forex reserves rise $66 mn

By IANS | Updated: February 24, 2023 02:45 IST

Islamabad, Feb 24 The State Bank of Pakistan (SBP) has said that its foreign exchange reserves have increased ...

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Islamabad, Feb 24 The State Bank of Pakistan (SBP) has said that its foreign exchange reserves have increased by $66 million.

During the week ending on February 17, the total foreign exchange reserves of the SBP rose to around $3.26 billion, the SBP added on Thursday in a statement.

Net foreign reserves held by commercial banks came at $5.47 billion, it said.

Total liquid foreign reserves held by the South Asian country stood at about $8.73 billion, according to the central bank.

This is the second consecutive week the central bank has witnessed a slight increase in its foreign exchange reserves, a positive sign for Pakistan as its reserves went down to $2.91 billion a couple of weeks ago, Xinhua news agency reported.

Disclaimer: This post has been auto-published from an agency feed without any modifications to the text and has not been reviewed by an editor

Tags: State Bank of PakistanpakistanislamabadSBPDhs punjab
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