Pakistan's foreign reserves rise to $15.9bn: SBP
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The country's total liquid foreign reserves stood at $15.898 billion on September 13, a press release issued by the State Bank of Pakistan on Thursday said.
The central bank's reserves witnessed an increase of $138 million to reach $8.6bn during the week ending September 13, the handout added.
According to a breakup of the foreign reserves position provided by SBP:
- Foreign reserves held by the State Bank of Pakistan — $8.6bn
- Net foreign reserves held by commercial banks — $7.3bn
- Total liquid foreign reserves — $15.9bn
The central bank also reported that the dollar shed 2 paisas in interbank trade and was traded at Rs156.23 as compared to the last closing at Rs156.25.
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Comments (14) Closed
Sep 19, 2019 08:32pm
Good. With lower imports and more reserves it's now more than 2 months cover. Don't know impact on inflation
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Sep 19, 2019 08:50pm
When you start advertising a two paisa improvement to the rupee as a sign of success, you must realise that times are tough! Still, better than bad news...
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Sep 19, 2019 08:52pm
Good work PTI.
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Sep 19, 2019 09:16pm
How can the reserves held by commercial banks be considered state's reserves unless SBP plans to annex all commercial banks.
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Sep 19, 2019 09:19pm
Congratulations!! This is what I call achievement.
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Sep 19, 2019 09:21pm
@ahsan7979, Congrats that bought down it from 18bn in 2018 to 15.9bn which has 6bn from UAE and SA.
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Sep 19, 2019 09:37pm
Keep it up
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Sep 19, 2019 09:45pm
Barely Enough
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Sep 19, 2019 10:16pm
Only if you know what does the figure means. This is too less plus this is not federal reserves, just people's money.
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Sep 19, 2019 11:25pm
Pakistan is a rich country just don't act like Nawaz or Zardari families and grand loot.
Thank you PM Khan we respect you due to your honesty towards the Pak Watan.
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Sep 19, 2019 11:28pm
Still it is a pittance.
Cannot even service next year's interest commitments...
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Sep 19, 2019 11:56pm
Great news
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Sep 20, 2019 02:41pm
Keep it up . We believe in the honesty and commitment of Imran Khan .
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Sep 20, 2019 06:20pm
Pakistan is marching forward under PTI/IK
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