SBP Reserves Just Maintains Above $7.5 Billion.
As per the data released by the State Bank of Pakistan (SBP) on Friday, the central bank’s foreign exchange reserves experienced a slight weekly increase.
On November 3, the SBP’s foreign currency reserves reached $7.511 billion, showing a marginal rise of $3.7 million compared to $7.508 billion recorded on October 27.
The overall liquid foreign currency reserves in the country, encompassing net reserves held by banks other than the SBP, reached $12.614 billion.
This marks an increase of $37.6 million over the preceding week, with net reserves held by banks standing at $5.101 billion, reflecting a $34 million rise during the week.
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After slipping below $7.5 billion on October 20, the central bank’s reserves have shown two consecutive marginal increases, surpassing the $7.5 billion mark once again. SBP Reserves Just Maintains Above $7.5 Billion, which is indeed a positive sign for the country`s dwindling economy.
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