Pakistan’s total liquid foreign reserves further rise to US$ 9,846.8 million during the week ended on March 10, 2023. In a statement issued here Thursday, the State Bank of Pakistan (SBP) stated that reserves held by the central bank increased by US$ 18 million to US$ 4,319.1 million while net foreign reserves held by commercial banks were at US$ 5,527.7 million. In the previous week ended on March 03, the total liquid foreign reserves held by the country was US$ 9,754 million. Among them, the foreign reserves held by the SBP were US$ 4,301 million while net foreign reserves held by commercial banks were US$ 5,453 million.
The Pakistan rupee recovered 43 paisa against the dollar in the interbank trading on Thursday and closed at Rs282.42 against the previous day’s closing of Rs282.85. According to the Forex Association of Pakistan (FAP), the buying and selling rates of dollars in the open market were recorded at Rs283.5 and Rs286.5 respectively.
The price of the Euro decreased by Rs3.49 and closed at Rs300.12 against the last day’s closing of Rs303.61, according to the State Bank of Pakistan (SBP). The Japanese Yen increased by 03 paisa to close at Rs2.12, whereas a decrease of Rs2.08 was witnessed in the exchange rate of the British Pound, which was traded at Rs341.81 as compared to its last day’s closing of Rs343.89. The exchange rates of the Emirates Dirham and Saudi Riyal went decreased by 12 paisa each to close at Rs76.89 and at Rs75.18 respectively.