SBP reserves increase by $13b, report

KARACHI: The foreign exchange reserves of the State Bank of Pakistan (SBP) were recorded at $13 billion in the week ending March 12, a rise of $4 million or 0.03 percent.

Overall liquid foreign currency reserves held by the government, including net reserves held by banks other than the SBP, were $20 billion, according to the central bank.

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The total number of net deposits kept by commercial banks was $7 million.

As of March 5, 2021, the country’s liquid foreign reserves totaled US$ 20.15 billion. The SBP’s net reserves stood at $13.16 billion, while commercial banks’ net reserves dropped by $14 million to $7.14 billion.

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