{"id":99565,"date":"2024-09-27T14:20:28","date_gmt":"2024-09-27T09:20:28","guid":{"rendered":"https:\/\/www.zameen.com\/news\/?p=99565"},"modified":"2024-09-27T14:20:30","modified_gmt":"2024-09-27T09:20:30","slug":"sbps-foreign-exchange-reserves","status":"publish","type":"post","link":"https:\/\/www.zameen.com\/news\/sbps-foreign-exchange-reserves.html","title":{"rendered":"SBP&#8217;s Foreign Exchange Reserves increase by $24 mn in a week"},"content":{"rendered":"\n<p>Karachi: The foreign exchange reserves held by the State Bank of Pakistan (SBP) saw a rise of $24 million on a weekly basis, as reported by the central bank on Thursday. According to the data released by the SBP, the reserves reached $9.53 billion as of September 20, compared to $9.51 billion recorded on September 13.<\/p>\n\n\n\n<p>Read: <a href=\"https:\/\/www.zameen.com\/news\/sbp-reports-rise-in-pakistans-export-to-us.html\" target=\"_blank\" rel=\"noreferrer noopener\">SBP reports rise in Pakistan\u2019s export to US<\/a><\/p>\n\n\n\n<p>This increase in the central bank\u2019s reserves forms part of the broader picture of the country\u2019s overall foreign currency reserves. The total liquid foreign reserves, which also include net reserves held by banks other than the SBP, amounted to $14.873 billion as of September 20. This marks a $47 million increase from the previous week.<\/p>\n\n\n\n<p>Net reserves held by banks, excluding those held by the SBP, were reported at $5.34 billion. This reflects a rise of $23 million during the week, further contributing to the overall stability in Pakistan\u2019s foreign currency reserves.<\/p>\n\n\n\n<p>Read: <a href=\"https:\/\/www.zameen.com\/news\/sbp-plans-major-currency-overhaul.html\" target=\"_blank\" rel=\"noreferrer noopener\">All currency notes will be replaced: SBP<\/a><\/p>\n\n\n\n<p>Additionally, it was noted that the Asian Development Bank (ADB) has signed a $500 million funding agreement aimed at supporting education initiatives in Pakistan and other Asian countries, which could further strengthen Pakistan&#8217;s economic and financial position.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Karachi: The foreign exchange reserves held by the State Bank of Pakistan (SBP) saw a rise of $24 million on a weekly basis, as reported by the central bank on Thursday. According to the data released by the SBP, the reserves reached $9.53 billion as of September 20, compared to $9.51 billion recorded on September 13. Read: SBP reports rise in Pakistan\u2019s export to US This increase in the central bank\u2019s reserves forms part of the broader picture of the country\u2019s overall foreign currency reserves. The total liquid foreign reserves, which also include net reserves held by banks other than the SBP, amounted to $14.873 billion as of September 20. This marks a $47 million increase from the previous week. Net reserves held by banks, excluding those held by the SBP, were reported at $5.34 billion. This reflects a rise of $23 million during the week, further contributing to the overall stability in Pakistan\u2019s foreign currency reserves. Read: All currency notes will be replaced: SBP Additionally, it was noted that the Asian Development Bank (ADB) has signed a $500 million funding agreement aimed at supporting education initiatives in Pakistan and other Asian countries, which could further strengthen Pakistan&#8217;s economic and&hellip;<\/p>\n","protected":false},"author":18,"featured_media":76277,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[15017],"tags":[59539,59538,59537,59540],"persona":[],"class_list":{"0":"post-99565","1":"post","2":"type-post","3":"status-publish","4":"format-standard","5":"has-post-thumbnail","7":"category-notices-announcements","8":"tag-latest-on-sbp-foreign-exchange-reserves","9":"tag-pak-fer-sep-2024","10":"tag-pakistan-foreign-exchange-reserves","11":"tag-pakistan-foreign-exchange-reserves-2024","12":"cat-15017-id"},"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v27.2 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>SBP&#039;s Foreign Exchange Reserves on rise - Zameen News<\/title>\n<meta name=\"description\" content=\"According to the data released by the SBP, the reserves reached $9.53 billion as of September 20, compared to...\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.zameen.com\/news\/sbps-foreign-exchange-reserves.html\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"SBP&#039;s Foreign Exchange Reserves on rise - Zameen News\" \/>\n<meta property=\"og:description\" content=\"According to the data released by the SBP, the reserves reached $9.53 billion as of September 20, compared to...\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.zameen.com\/news\/sbps-foreign-exchange-reserves.html\" \/>\n<meta property=\"og:site_name\" content=\"Pakistan Real Estate News &amp; 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