President Zardari signs SC Practice and Procedure Amendment Ordinance 2024; Increases CJP’s powers to form benches

• Total reserves: $14.83 billion, up $30.4 million
• SBP reserves: $9.51 billion, up $43 million
• Commercial Banks reserves: $5.32 billion, down by $12.6 million

KARACHI, Pakistan: Pakistan’s foreign exchange reserves have reached US$ 14.83 billion, according to the latest figures released by the State Bank of Pakistan (SBP).

The latest figures released by the State Bank of Pakistan (SBP) showed that the Country’s total liquid foreign reserves appreciated by US$ 30.4 million by September 13, 20224 to stand at US$ 14,826.5 million (US$ 14.83 billion).

Previously, foreign exchange reserved held by the Country were US$ 14,796.1 million.

The Central Bank’s own reserves also rose to US$ 9,509.6 million with an increase of US$ 43 million. The SBP had reserves of US$ 9,466.6 million by September 6 but a week later they were recorded at US$ 9,509.6 million.

While the Commercial Banks had foreign reserves of US$ 5,316.9 million, witnessing a decrease of US$ 12.6 million.