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Pakistan Foreign Exchange Reserves Near $15 Billion

admin-augaf by admin-augaf
September 12, 2024
in Business, Finance, National, News
Reading Time: 1 min read
0
UBL Earned Nearly 3 Times More Profit from Foreign Exchange Income in 9M 2022

Euro, Hong Kong dollar, U.S. dollar, Japanese yen, pound and Chinese 100 yuan banknotes are seen in this picture illustration, January 21, 2016. REUTERS

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Karachi September 12 2024: The total liquid foreign reserves of Pakistan increased to USD 14,796.1 million as of September 06, 2024 while the reserves held by the central bank were recorded as USD 9,466.6 million.

The State Bank of Pakistan (SBP), in a statement issued here on Thursday, informed that liquid foreign reserves held by the central bank increased by USD 30 million to $ 9,466.6 million during the week ended on September 06, 2024.

Meanwhile, net foreign reserves held by commercial banks were recorded as USD 5,329.5 million during the week under review, it added.

Total liquid foreign reserves held by the country, in the previous week ended on August 23, 2024, were USD 14,739.9 million.

Among them foreign reserves held by the central bank were recorded as USD 9,436.8 million while USD 5,303.1 million were held by commercial banks.

Tags: dollarDollar vs rupeeForeign Exchange Reserves
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