SBP reserves surge to $17.2bn

KARACHI: The foreign exchange reserves were recorded at $17,199.6 million, marking an increase of 0.3 per cent on a weekly basis, the State Bank of Pakistan (SBP) reported. 

In addition, the overall liquid foreign currency reserves held by other banks were recorded at $23,925.9 million. 

SBP’s foreign exchange reserves surged to an all-time high and were recorded at $20.15 billion. This was accredited to receiving the general allocation of Special Drawing Rights (SDRs) of $2,751.8 million from the International Monetary Fund (IMF) in August.

 

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