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Pakistan’s Foreign exchange reserves cross US $24 billion

ISLAMABAD: The total liquid foreign reserves held by the country stood at US$24,095.8 million on November 11, 2016. Giving break-up of the foreign reserves position, a statement of the State Bank of Pakistan (SBP) said that foreign reserves held by the State Bank of Pakistan stood at US$ 19,027.1  million while Net foreign reserves held...

SAMAA | - Posted: Nov 17, 2016 | Last Updated: 4 years ago
SAMAA |
Posted: Nov 17, 2016 | Last Updated: 4 years ago
Pakistan’s Foreign exchange reserves cross US $24 billion

An employee of a bank counts US dollar notes at a branch in Hanoi

ISLAMABAD: The total liquid foreign reserves held by the country stood at US$24,095.8 million on November 11, 2016.

Giving break-up of the foreign reserves position, a statement of the State Bank of Pakistan (SBP) said that foreign reserves held by the State Bank of Pakistan stood at US$ 19,027.1  million while Net foreign reserves held by commercial banks were US$ 5,068.7 million on November 11.

During the week ending November 11, 2016, country’s total reserves decreased by US$ 58 million to US$ 24,096 million.

The decrease in reserves was mainly due to payments on account of external debt servicing. –APP

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