Pakistan’s foreign currency reserves jump up by $443 million

KARACHI: The foreign exchange reserves of the State Bank of Pakistan (SBP) jumped up by $443 million, experiencing a 5.6% increase in a week, informed a statement released by the State Bank of Pakistan.

invest with imarat

Islamabad’s emerging city centre

Learn More

The reserves were recorded at $7,914.3 million in the previous week, which mounted up by $443.3 million and presently was recorded at $8,357.6 million.

The reasons cited for the increase are the purchase of dollars by the State Bank of Pakistan, keeping in mind the liquidity and market demand, along with obtaining commercial loans. These reasons have contributed to shoring up of the foreign reserves.

For news and blogs, visit Graana.com.

Maham Tahir

Recent Posts

Exploring Kalabagh: The Historic City in Mianwali District

Kalabagh, a small yet historically significant town in Pakistan’s Punjab province, is located within the…

21 hours ago

Nazimabad Number 2: A Well-Known Residential Area in Karachi

Nazimabad Number 2 is a well-known neighbourhood in Karachi, Pakistan, renowned for its vibrant community,…

2 days ago

A Guide to Quetta Town in Karachi

Quetta Town is a residential neighbourhood located in the vibrant city of Karachi, Pakistan. Known…

3 days ago

Akbar Chowk Lahore: A Focal Point of Connectivity

Akbar Chowk in Lahore stands as one of the city’s most critical intersections, serving as…

4 days ago

A Guide to Khuda Baksh Colony Lahore

Khuda Baksh Colony, located near Bhatta Chowk in Lahore, is a rapidly developing residential area…

5 days ago

Gol Market Karachi: A Vibrant Commercial Hub

Gol Market in Karachi is one of the city's most iconic and bustling commercial centres.…

2 weeks ago