January 19, 2023 (MLN): Foreign exchange reserves held by the State Bank of Pakistan (SBP) increased by $258 million to $4.60 billion during the week ended on January 13, 2023, according to the data released by the central bank on Thursday.

Reserves held by the commercial bank showed a slight decline of $2.2mn to clock in at $5.84bn.

Meanwhile, the total reserves held by the county rose to $10.44bn.

To note, after a decline of $3.6bn during the last two months, the SBP reserves moved up by $258mn.

It is important to note that the current level of foreign currency reserves is barely enough to cover 0.89 months of import bills.

Copyright Mettis Link News

Posted on: 2023-01-19T19:55:44+05:00