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SBP Reserves Near $10 Billion Mark with Weekly Increase

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Sep 27, 2024

The State Bank of Pakistan (SBP) reported a weekly increase of $24 million in its foreign exchange reserves, bringing the total to approximately $9.53 billion as of September 20, up from $9.51 billion on September 13.

Overall, the country’s liquid foreign currency reserves, which include net reserves held by banks other than the SBP, now stand at $14.873 billion, reflecting a rise of $47 million from the previous week. This positive trend underscores growing financial stability as the SBP edges closer to the $10 billion mark.

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