The State Bank of Pakistan (SBP) held foreign exchange reserves have been increased by $13 million on a weekly basis with an addition of $8.05 billion as of February 9.

As per the SBP data, total liquid foreign reserves held by the country stood at $13.15 billion while net foreign reserves held by commercial banks stood at $5.1 billion.

“During the week ended on 9-Feb-2024, SBP’s reserves increased by US$ 13 million to US$ 8,056.5 million,” the central bank said.

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Govt hikes petrol price by Rs2.73

The caretaker government on Thursday night pushed through another hike in the price of petrol by Rs2.73, reaching 275.62 per litre. According to a notification issued, the price of high-speed diesel risen by Rs 8.37 per litre. now standing at Rs 287.33 per litre.

The caretaker government had greenlit a 67% increase in gas prices, effectively burdening consumers with higher costs of living starting from February 1.