ISLAMABAD – In signs of economic revival, Pakistan foreign exchangereserves and currency rises.
While Pakistani Rupee hits fourth month high against US dollar, the foreignexchange reserves held by the central bank increased 0.72pc on a weeklybasis, according to data released by the State Bank of Pakistan (SBP) onThursday.
On October 11, the foreign currency reserves held by the SBP were recordedat $7,813.7 million, up $56.1 million compared with $7,757.6 million in theprevious week. The report cited no reason for the increase in reserves.
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The overall liquid foreign currency reserves held by the country, includingnet reserves held by banks other than the SBP, stood at $15,142.6 million.Net reserves held by banks amounted to $7,328.9 million.
