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SBP reserves hit two-year high after another weekly increase

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Web Desk

ISLAMABAD: The foreign exchange reserves held by the State Bank of Pakistan (SBP) reached the highest level since July 7, 2022, according to data released by the central bank on Thursday.

As per the latest data released by the central bank, foreign currency reserves with the State Bank on July 5 were recorded at $9.405 billion, which was $16 million more than $9.390 billion on June 28.

The country’s total liquid foreign currency reserves, including net reserves with banks other than the State Bank, stood at $14.645 billion.

Net deposits held by banks stood at $5.240 billion, registering an increase of $56 million over the week.

Web Desk

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