Pakistan’s foreign reserves rise to $14.6 billion

BusinessPakistan’s foreign reserves rise to $14.6 billion
  • Total reserves: $14.6 billion, up by $167.5 million
  • SBP reserves: $9.1 billion, up $15.2 million
  • Commercial Banks reserves: $5.5 billion, up by $152.3 million

KARACHI, Pakistan: With a further increase of US$ 167.5 million, the Country’s total liquid foreign reserves jumped to US$ 14.6 billion by May 10, 2024, showed the statistics released by the State Bank of Pakistan (SBP).

The latest data showed that the total liquid foreign reserves held by the Country as of May 10, 2024 were US$ 14,626.4 million.

   

The statistics showed that the Central Bank’s own reserves grew by US$ 15.2 million to stand at US$ 9.1 billion.

The reserves held by the SBP stood at US$ 9,135.5 million in the week ended on May 10 whereas previously they were US$ 9,120.3 million.

Whereas the Commercial Banks had foreign reserves of US$ 5,490.9 million, showing an increase of US$ 152.3 million.Pakistan’s foreign reserves rise to $14.6 billion

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

Interbank Dollar Rate Today in Pakistan – 20 June 2024

0
Interbank Exchange Rates in Pakistan The Interbank Closing Exchange Rate in Pakistan has been issued by the State Bank of Pakistan (SBP) for June 20,...

Religious Ministry announces Zamzam Water distribution arrangements for pilgrims

0
ISLAMABAD, Pakistan: The Ministry of Religious Affairs and Interfaith Harmony has announced the arrangements for distributing Zamzam Water among pilgrims who are availing the...

USD to PKR: USD Dollar Rate in Pakistan Today – 20 June 2024

0
The US Dollar (USD) was being bought and sold at Rs 277.5 and Rs 280.4 in the Open Market against the Pakistani Rupee (PKR)...

Gold Price in Pakistan Today – 20 June 2024

0
On Thursday (June 20, 2024), the gold rate for one tola of 24-karat in Karachi, Pakistan, is Rs 241,200.000.It's important to note that gold...
India has reasons to discredit CPEC but why is PTI beating Indian drums?

New Delhi has reasons to discredit CPEC but why is PTI beating Indian drums?

0
Islamabad, Pakistan: A rundown of Indian and US official media regarding the successful visit of the Prime Minister of Pakistan Shahbaz Sharif, and Army...
Advertisement