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Pakistan’s Foreign Exchange Reserves Crosses $16 Billion Benchmark

admin-augaf by admin-augaf
October 24, 2024
in Business, Finance, National, News
Reading Time: 1 min read
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Delay in IMF, Debt Repayments Amid Political Uncertainty Led to Rupee Depreciation – SBP
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Islamabad October 24 2024: The total liquid foreign reserves of Pakistan stood at USD 16,017.1 million as of October 18, 2024 while the forex reserves held by the State Bank of Pakistan increased to USD 11,040.7 million.

The State Bank of Pakistan, in a statement issued here on Thursday, informed that total liquid foreign reserves held by the central bank increased by USD 18 million to USD 11,040.7 million during the week ended on October 18, 2024.

Meanwhile, net foreign reserves held by commercial banks were recorded as USD 4,976.4 million during the week under review, it added.

Total liquid foreign reserves held by the country, in the previous week ended on October 11, 2024, were USD 16,111.3 million.

Among them foreign reserves held by the central bank were recorded as USD 11,022 million while USD 5,088.6 million were held by commercial banks.

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