Pakistan Foreign Exchange Reserves register increase

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Pakistan Foreign Exchange Reserves register increase

ISLAMABAD - Pakistan Foreign Exchange Reserves register increase, State Bank of Pakistan has revealed.

The foreign exchange reserves held by the central bank inched up by 0.21pc on a weekly basis, according to data released by the State Bank of Pakistan (SBP) on Thursday.

On October 4, the foreign currency reserves held by the SBP were recorded at $7,757.6 million, up $16 million compared with $7,741.6 million in the previous week. The report cited no reason for the increase, which had fallen below the $8 billion mark.

The overall liquid foreign currency reserves held by the country, including net reserves held by banks other than the SBP, stood at $14,992.9 million. Net reserves held by banks amounted to $7,235.3 million.