FX reserves inch up; SBP holds $14.55bn

FX reserves inch up; SBP holds $14.55bn

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The official foreign exchange reserves of the nation increased by $27 million in just one week, according to the State Bank of Pakistan (SBP), bringing the total to $14.5515 billion.

The SBP reports that the country’s foreign exchange reserves rose by $140 million to $19.73 billion. Official reserves increased by $27 million over the course of the week to $14.5515 billion, according to the SBP.

Additionally, commercial banks reported a decrease in their foreign exchange reserves. Their reserves dropped to $5.187 billion, a decrease of $12.8 million.

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Syed Sadat Hussain Shah

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