SBP reserves increase by $1.47bn

MG News | November 03, 2022 at 08:26 PM GMT+05:00

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November 3, 2022 (MLN): Foreign exchange reserves held by the State Bank of Pakistan (SBP) have surged by $1.47 billion to $8.91bn during the week ended on October 28, according to the data released by the Central bank on Thursday.

This increase in reserves was mainly due to an inflow of $1.5bn from the Asian Development Bank (ADB).

Reserves held by the commercial bank increased by $43.7 million to $5.77bn.

Meanwhile, the total reserves held by the country increased by $1.52bn and stood at $14.68bn.

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