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Foreign exchange reserves held by the State Bank of Pakistan (SBP) increased by $131 million on a weekly basis, clocking in at $11.42 billion as of November 22, data released on Thursday showed.

Total liquid foreign reserves held by the country stood at $16.08 billion. Net foreign reserves held by commercial banks stood at $4.66 billion.

The central bank did not specify a reason for the increase in reserves.

“During the week ended on 22-Nov-2024, SBP reserves increased by US$ 131 million to US$ 11,418.5 million,” it said.

Last week, SBP foreign exchange reserves increased by $29 million.

Comments

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SAd Nov 28, 2024 09:04pm
Safe to assume that we would have a massive current account surplus in the month of Nov'24.
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SAd Nov 28, 2024 10:06pm
12B Foreign Exchange Reserves loading soon. Its a miracle! Its an economic inqelab. We were at 2B just last year. and had to make 75B+ payments during next three years.
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Dheerendra Kulkarni Nov 29, 2024 12:00pm
7B of it again from IMF bailout.
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