SBP reserves jump $2.6bn

KARACHI: Foreign exchange reserves of the State Bank of Pakistan (SBP) increased by $2.648 billion to $18.658bn during the week ended on Dec 3, the central bank announced on Thursday.

The SBP reserves rose after an inflow of $3 billion from the Saudi Fund for Development under an economic deal signed between the two countries.

The total reserves of the country rose to $25.15bn while the holdings of the commercial banks were $6.492bn during the week.

Published in Dawn, December 10th, 2021

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