Up until the 29th of November, 2024, the State Bank of Pakistan has indeed revealed enhancing foreign exchange reserves of $620 million on a weekly basis. The reserves are now at a staggering $12.038 billion, the highest record since March 2022. The increase has been due to a loan of $500 million from the Asian Development Bank (ADB) as part of the Climate Change and Disaster Resilience Enhancement Program (CDREP).
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Thus, total liquid foreign currency reserves stood at $16.620 billion also increased. This was an increase of $544 million over the previous week. The Net reserves held by the banks were falling, However, by $77 million during the week, they finally settled down at $4.582 billion.