SBP reserves surge $261m to $13,412.3m

ISLAMABAD (APP): The Foreign exchange reserve held by the State Bank of Pakistan increased by US $261 million to US $13,412.3 million during the week ending on December 31, 2020, State Bank of Pakistan reported Thursday.

The total liquid foreign reserves held by the country stood at US $20,512.1 million.

According the break-up figures, the foreign reserves held by the State Bank of Pakistan stood at US $ 13,412.3 million whereas the net foreign reserves held by commercial banks stood at US$ 7,099.8 million.

During the week ending December 31, the increase in SBP’s reserves is mainly attributed to GoP inflows.