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

CDA Directs Fast-Track Handover of Developed Plots in Islamabad Sectors

Islamabad: The chairman of the Capital Development Authority (CDA) and Chief Commissioner Islamabad, Muhammad Ali…

4 weeks ago

KP Government Considers 31km Outer Ring Road in Peshawar to Ease Traffic

Peshawar: The Khyber Pakhtunkhwa government is exploring plans to construct a 31-kilometre outer ring road…

1 month ago

NHA Utilises 56% of Development Budget in First Half of FY26

Islamabad: The National Highway Authority (NHA) has spent more than half of its development budget…

1 month ago

Karachi to Upgrade 183 Roads Under Special Infrastructure Program

Karachi: A high-level meeting chaired by Sindh Minister for Local Government Syed Nasir Hussain Shah…

1 month ago

Al Akaria Signs SR1.2 Billion Lease Deal for Amsa Vue Residential Compound in Riyadh

Riyadh: Saudi Real Estate Co. (Al Akaria) has signed a long-term lease agreement with Amsa…

1 month ago

Land Acquisition Begins for Thalian Interchange of Rawalpindi Ring Road Project

Rawalpindi: The divisional administration has begun acquiring land for the Rs5 billion Thalian Interchange, a…

1 month ago