SBP reserves rise by $33 million as total foreign exchange reserves fall

 SBP reserves rise by $33 million as total foreign exchange reserves fall
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Summary Pakistan's central bank reserves rose by $33 million to $21.52 billion, while commercial banks' holdings fell, bringing total foreign exchange reserves down to $26.75 billion.

KARACHI (Dunya News)  — The State Bank of Pakistan's foreign exchange reserves increased by $33 million, reaching $21.52 billion, according to data released by the central bank.

However, the country's total liquid foreign exchange reserves declined by $79 million to $26.75 billion.

Reserves held by commercial banks fell by $112 million to $5.23 billion, offsetting the increase recorded in the central bank's holdings.

The figures indicate differing movements in the country's foreign exchange reserves, with the State Bank recording an increase while commercial banks experienced a decline.

Total foreign exchange reserves comprise holdings maintained by the State Bank and commercial banks.

 

 

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