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. 

invest with imarat

Islamabad’s emerging city centre

Learn More

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.

 

For more news, visit Graana.com.

Maham Tahir

Recent Posts

5.6 Magnitude Earthquake Shakes Islamabad, Lahore, Peshawar & Surrounding Areas

Islamabad / Northern Pakistan: A 5.6 magnitude earthquake struck parts of northern Pakistan on Friday,…

3 days ago

NHA Accelerates National Road Projects with Key Progress Reported in Sindh

Islamabad: National Highway Authority (NHA) Chairman Muhammad Sheheryar Sultan has announced that the authority has…

4 days ago

Punjab Achieves Full Environmental Compliance for Motorway Brick Kilns

Lahore: In a landmark development, the Punjab Environment Department has issued its first-ever comprehensive environmental…

6 days ago

Islamabad Administration Confirms City Functioning Normally, No Road Closures Reported

Islamabad, Oct 13: The Islamabad district administration has clarified that all roads in the federal…

7 days ago

CDA and OPF Join Hands to Attract Foreign Investment in Islamabad

Islamabad: Capital Development Authority (CDA) and the Overseas Pakistanis Foundation (OPF) have agreed to collaborate on…

2 weeks ago

RMC Launches Beautification Drive in Rawalpindi’s Raja Bazaar and Commercial Market

Rawalpindi: The Rawalpindi Municipal Corporation (RMC) has finalized a phased plan to complete multiple ongoing…

2 weeks ago