The State Bank of Pakistan (SBP) held foreign exchange reserves have been increased by $13 million on a weekly basis with an addition of $8.05 billion as of February 9. As per the SBP data, total liquid foreign reserves held by the country stood at $13.15 billion while net foreign reserves held by commercial banks stood at $5.1 billion. “During the week ended on 9-Feb-2024, SBP’s reserves increased by US$ 13 million to US$ 8,056.5 million,” the central bank said. Shares climb to positive zone, KSE-100 index benchmark reaches 61120 points Pakistani Rupee marks comeback against US Dollar The caretaker government on Thursday night pushed through another hike in the price of petrol by Rs2.73, reaching 275.62 per litre. According to a notification issued, the price of high-speed diesel risen by Rs 8.37 per litre. now standing at Rs 287.33 per litre. The caretaker government had greenlit a 67% increase in gas prices, effectively burdening consumers with higher costs of living starting from February 1.

Credit: Independent News Pakistan (INP)