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Pakistan’s total liquid Forex reaches at $ 8.726B

KARACHI: Pakistan’s total liquid foreign reserves stood at US$ 8,726.5 million during the week ended on February 17, 2023.

The State Bank of Pakistan, in a statement issued here on Thursday, stated that reserves held by the central bank increased by US$ 66 million to rise to US$ 3,258.5 million while net foreign reserves held by commercial banks were at
US$ 5,468 million.

In the previous week ended on February 10, total liquid foreign reserves hold by the country were US$ 8,702.2 million.

Among them, foreign reserves held by the SBP were US$ 3,192.9 million while net foreign reserves held by commercial banks were US$ 5,509.3 million.

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M M Alam

M. M. Alam is a Pakistan-based working journalist since 1981. Karachi University faculty gold medalist Alam began his career four decades ago by writing for Dawn, Pakistan’s highest circulating English daily. He has worked for region’s leading publications, global aviation periodicals including Rotors (of USA) and vetted New York Times as permanent employee of daily Express Tribune. Alam regularly covers international aviation and defense-related events including Salon Du Bourget (France), Farnborough (United Kingdom), Dubai (UAE). Alam has reported thousands of events and interviewed hundreds of people in Pakistan, UAE, EU, UK and USA. Being Francophone Alam also coordinates with a number of French publications.