Pakistan Foreign Exchange Reserves register increase
According to the data released by the State Bank of Pakistan (SBP), the foreign exchange reserves link increased by $6.9 million.
During the last week, the country’s foreign exchange reserves increased by $6.9 million. On the other hand, the central bank reserves were decreased by $12.3 million.
As per the details, the country’s foreign exchange reserves stood at 20.51 billion dollars last week.
The central bank’s reserves fell by $12.3 million to a record $13.4 billion and the reserves of commercial banks increased by $19.2 million to $7.119 billion.
In December 2020, the foreign exchange reserves rose 1.43%, held by the central bank, on a weekly basis.
The foreign currency reserves on December 4 held by the SBP were recorded at $13,298.5 million, up to $188 million compared with $13,110.9 million in the last week.
According to the details provided by the central bank, SBP received $359 million from multilateral/ bilateral sources during the week ended December 4, 2020, including $307 million from the Asian Development Bank (ADB).