اردو
  • SBP Foreign Reserves are $431 Million up

    $431 million added to the Foreign Reserves of SBP File Photo $431 million added to the Foreign Reserves of SBP

    The Foreign exchange reserve held by the State Bank of Pakistan increased by US$ 431 million to US$ 9,112.9 million.

    During the week ending on November 29, 2019, State Bank of Pakistan (SBP) reported the increase in its reserves by US$ 431 million to US$ 9,112.9 million.

    The total liquid foreign reserves held by the country stood at US$15,993.2 million.
    According the break-up figures, the foreign reserves held by the State Bank of Pakistan stood at US$ 9,112.9 million where as the net foreign reserves held by commercial banks stood at US$ 6,880.3 million.

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

    The FX swaps / forward liabilities have reduced by US$ 1.95 billion between June-Oct 2019, increase in the liquid SBP reserves and the reduction of the swaps / forward liabilities reflects the build-up of FX buffers.

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