SBP reserves jump from $431mn to $9.11b

KARACHI, Dec 05 (INP): The Foreign exchange reserve held by the State Bank of Pakistan increased by US$ 431 million to US$ 9.11 billion during the week ending on November 29, ARY News reported on Thursday.

According to the State Bank of Pakistan (SBP), the total liquid foreign reserves held by the country stood at US$15,993.2 million.

According to the break-up figures, the foreign reserves held by the State Bank of Pakistan stood at US$ 9,112.9 million whereas the net foreign reserves held by commercial banks stood at US$ 6,880.3 million.

During the current fiscal year, SBP reserves have increased by US$ 1.8 billion.

INP/AK