In a positive economic development, Pakistan Foriegn Exchange Reserves register significant increase

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In a positive economic development, Pakistan Foriegn Exchange Reserves register significant increase

*KARACHI: **In a positive economic development, Pakistan Foriegn Exchange Reserves register significant increase.*

*The State Bank of Pakistan’s (SBP) reserves increased by $443 million to $8.35 billion during the week ending November 1.*

According to the central bank, the total liquid foreign reserves held by the country stood at $15.51 billion.

The break-up of the foreign reserves position is as under:

Foreign reserves held by the State Bank of Pakistan: $8.35 billion

Net foreign reserves held by commercial banks : $7.16 billion. Total liquid foreign reserves​​​ : $15.51 billion.