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

Advertisement