KARACHI: Foreign exchange reserves held by the State Bank of Pakistan (SBP) increased by $ 13 million, reaching $ 12.051 billion at the end of last week.
However, the net forex reserves held by commercial banks declined by $32 million to $ 4.55 billion at the end of last week down from $4.582 billion a week earlier.
Accordingly, the country’s total liquid foreign exchange reserves declined by $19 million to stand at $ 16.601 billion as of Dec 6, 2024 compared to $16.620 billion as of November 29, 2024.
During the last week of November, the SBP’s reserves increased by $620, to reach $12.038 billion primarily due to arrival of an official inflow of $500 million from the Asian Development Bank (ADB).
Copyright Business Recorder, 2024
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