KARACHI: The State Bank of Pakistan’s (SBP) reserves have surged by 1.76 per cent on a weekly basis on May 20.
According to data released by the central bank, the SBP’s foreign exchange reserves increased $292 million to $16,810 million compared to $16,518 million in the previous week. Total liquid foreign reserves held by the country, including net reserves held by banks other than the SBP, stood at $21,611.7 million while net reserves held by banks amounted to $4,801.3 million.
SBP-held foreign exchange reserves had increased 3.1% on a weekly basis on April 1 after the central bank received $978 million during the week from multilateral, bilateral and other official sources.
