Bank Net Reserves Drop by $41 Million to $4.903 Billion
Pakistan’s Foreign Reserves Up by $70 Million. The foreign exchange reserves held by the State Bank of Pakistan (SBP) rose by $70 million on a weekly basis, according to data issued by the central bank on Thursday.
According to the latest data released by the SBP as of March 28, the foreign currency reserves held by the SBP were recorded at $10.68 billion, up $70 million compared to $10.607 billion on March 21.
Total liquid forex reserves held by the country, including net reserves held by banks other than the SBP, stood at $15.58 billion, up $29 million over the previous week.
The net reserves held by banks were recorded at $4.903 billion, registering a decrease of $41 million during the week.
