State Bank of Pakistan reserves drop to below $3 billion

BusinessState Bank of Pakistan reserves drop to below $3 billion

KARACHI, Pakistan: The total liquid foreign reserves held by the Country stood at US$ 8.54 billion as of February 03, 2023, according to the State Bank of Pakistan (SBP).

As per the SBP, the reserves held by the Central Bank stood at US$ 2,917.0 while the Commercial Banks hold US$ 8,539.6.

The data showed that the Central Bank’s reserves dropped by US$ 170 million from January 27 to reach US$ 2,917.0 as of December 9.

Likewise, the reserves with the Commercial Banks declined by US$ 33 million to US$ 5,622.9 from US$ 5,655.5 held last week.

State Bank of Pakistan reserves drop to below $3 billion

Meanwhile, the Pakistani Rupee (PKR) on Thursday appreciated by 1.04 percent to stand at Rs 270.51 against the US dollar.

Mati
Mati
Mati-Ullah is the Online Editor For DND. He is the real man to handle the team around the Country and get news from them and provide to you instantly.

Must read

Recent News

PM launches Buna-Raast Connectivity Project to streamline remittances from Arab world to Pakistan

0
ISLAMABAD, Pakistan: Prime Minister Shahbaz Sharif on Thursday launched Buna-Raast Connectivity Project in Islamabad to streamline remittances from the Arab world to Pakistan. The...
Monal Restaurant in Margalla National Park shows how the Superclass manipulates rules in Pakistan

Monal Restaurant in Margalla Hills National Park shows how the Superclass manipulates rules in...

0
Islamabad, Pakistan: The saga of Monal Restaurant in Margalla Hills National Park is a textbook example of how the Superclass manipulates rules to benefit...

USD to PKR: USD Dollar Rate in Pakistan Today – 22 August 2024

0
The US Dollar (USD) was being bought and sold at Rs 279.6 and Rs 280.3 in the Open Market against the Pakistani Rupee (PKR)...

Gold Price in Pakistan Today – 22 August 2024

0
On Thursday (August 22, 2024), the gold rate for one tola of 24-karat in Karachi, Pakistan, is Rs 261,450.000.It's important to note that gold...

Pakistan’s New Envoy to US stresses need for result-oriented diplomacy

0
The newly appointed Pakistani Ambassador to the United States Rizwan Saeed Sheikh has formally assumed his diplomatic responsibilities as Pakistan’s Ambassador to the United...
Advertisement