SBP forex reserves rise by $2.65bn

December 09, 2021 (MLN): Foreign exchange reserves held by the State Bank of Pakistan (SBP) jumped by $2.65 billion during the week ended on December 3, 2021, a press release issued by the central bank showed on Thursday.

“During the week ended December 3, 2021, the SBP received a deposit of $3bn from Saudi Fund for Development. After accounting for external debt and other official payments, SBP reserves increased by $2.648bn to $18.58bn,” the press release said.

Meanwhile, net foreign reserves held by commercial banks stood at $6.492bn.

The total liquid foreign reserves held by the country stood at $25.15bn on December 3, 2021.

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