BR Web Desk | January 16, 2025
Foreign exchange reserves held by the State Bank of Pakistan (SBP) increased by $30 million on a weekly basis, clocking in at $11.72 billion as of January 10, data released on Thursday showed.
Total liquid foreign reserves held by the country stood at $16.45 billion.
Net foreign reserves held by commercial banks stood at $4.73 billion. The central bank did not specify a reason for increase in the reserves. “During the week ended on 10-Jan-2025, SBP reserves increased by US$ 30 million to US$ 11,725.0 million,” it said. (Source: Business Reorder)
By Web Desk | Arya News
January 17, 2025
KARACHI: Pakistan’s current account surplus reached US$1.21 billion from July to December in the current fiscal year (2024-25), the State Bank of Pakistan (SBP) said.
According to the central bank, this marked a substantial improvement compared to the same period in the previous fiscal year, which saw a deficit of US$1.039 billion.
Pakistan’s current account surplus has been steadily improving, with a surplus of US$582 million in December 2024 and US$684 million in November 2024. Earlier on Thursday, the SBP reported that the total liquid foreign reserves held by the country stood at US$ 16.45billion as of 10th January 2025.
According to the SBP, the foreign reserves held by the central bank stood at US$ 11.7 billion while net foreign reserves held by commercial banks are US$ 4. 7 billion during the period.
“During the week ended on 10-Jan-2025, SBP reserves increased by US$ 30 million to US$ 11,725.0 million,” the central bank added. (Source: https://arynews.tv)