SBP reserves increased by US$ 558 million

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The total liquid foreign reserves held by the country stood at US$ 19,906.9 million on 06-November-2020.The break-up of the foreign reserves position is as under:-

Foreign reserves held by the State Bank of Pakistan: US$ 12,740.5 million

Net foreign reserves held by commercial banks : US$ 7,166.4 million

Total liquid foreign reserves             : US$ 19,906.9 million

During the week ended 06-November-2020, SBP reserves increased by US$ 558 million to US$ 12,740.5 million. The increase in reserves is mainly attributed to receipt of US$ 500 million as GOP loan proceeds.

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