Pakistan's forex reserves rise by $31m last week

SBP’s reserves surged to $ 7.646bn during the week ended on Oct 6

KARACHI (Web Desk) - The State Bank of Pakistan’s (SBP)-led foreign exchange reserves witnessed $31 million increase during the last week.

The central bank’s reserves rose to $ 7.646 billion during the week ended on October 6, 2023 compared to $7.615 billion as of September 28, 2023.

Total liquid foreign #reserves held by the country stood at US$ 13.03 billion as of October 06, 2023. For details https://t.co/WpSgomnKT3#SBPReserves pic.twitter.com/eV5q9paBeE

— SBP (@StateBank_Pak) October 13, 2023

However, during the week under review, net foreign exchange reserves held by commercial banks declined by $32 million to $5.383bn.

The country’s total liquid foreign reserves held by the country remained stable at $13.030bn by end of the last week.