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Pakistan's foreign exchange reserves rise to $16.1 billion
SBP's reserves grew by $215 million to $11.02 billion
Oct 17, 2024
Oct 17, 2024
Pakistan foreign exchange reserves surged on the back of higher remittances and inflows in Roshan Digital Accounts.
The country’s foreign exchange reserves rose to $16.1 billion, according to data released by State Bank of Pakistan on Thursday.
The State Bank of Pakistan (SBP) holds $11.02 billion of these reserves, while commercial banks hold $5.09 billion. During the week ending October 11, 2024, the SBP's reserves grew by $215 million, reaching $11.02 billion.
Dealers report that there is a good supply of foreign currency in the inter-bank market, which is meeting the demand for imports and foreign debt repayments smoothly.
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