Pakistan's foreign reserves rise to $15.9bn: SBP

September 19, 2019

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State Bank of Pakistan's reserves witness an increase of $138 million and stand at $8.6 billion. — AFP/File
State Bank of Pakistan's reserves witness an increase of $138 million and stand at $8.6 billion. — AFP/File

The country's total liquid foreign reserves stood at $15.898 billion on September 13, a press release issued by the State Bank of Pakistan on Thursday said.

The central bank's reserves witnessed an increase of $138 million to reach $8.6bn during the week ending September 13, the handout added.

According to a breakup of the foreign reserves position provided by SBP:

  1. Foreign reserves held by the State Bank of Pakistan — $8.6bn
  2. Net foreign reserves held by commercial banks — $7.3bn
  3. Total liquid foreign reserves — $15.9bn

The central bank also reported that the dollar shed 2 paisas in interbank trade and was traded at Rs156.23 as compared to the last closing at Rs156.25.