Pakistan Foreign Exchange Reserves register significant increase

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Pakistan Foreign Exchange Reserves register significant increase

KARACHI: The foreign exchange reserves held by the central bank rose $188 million on a weekly basis, according to data released by the State Bank of Pakistan (SBP) on Thursday.

On December 4, forex reserves held by SBP were recorded at $13,298.5 million, as against $13,110.9 million in the previous week.

Overall, liquid foreign reserves held by the country, including net reserves held by banks other than the SBP, stood at $20.402 billion. Net foreign reserves held by commercial banks clocked in at $7,103.9 million.

During the week under review, SBP received $359 million from multilateral/bilateral sources, including $307 million from the Asian Development Bank.