SBP Foreign Exchange Reserves Cross $13 Billion Mark
The State Bank of Pakistan’s (SBP) foreign exchange reserves have once more surpassed $13 billion.
The central bank received inflows of $38 million in the week ending March 5, according to information provided by the SBP. The central bank’s reserves totaled $13.01 billion after adding the inflows.
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The commercial banks retained reserves of $7.14 billion. As a result, during the week ending March 5, the total reserves had increased to $20.15 billion.
Due to the banking regulator’s modification of the profit rate of the Pakistan Investment Bonds (PIBs), which is likely to draw foreign investment, experts predict a further growth in the reserves.
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