ISLAMABAD – In positive economic development, Pakistan Foreign Exchangereserves register another rise.
Foreign exchange reserves of the country have witnessed consistent inflows,recording a surge of $146 million in the closing week.
According to the State Bank of Pakistan (SBP), the total liquid foreignreserves held by the country increased to $18.27 billion by the week endingon 17 January 2020.
The inflows of the central bank recorded an increase of $146 million inreserves to stand at $11.73 billion. The inflows in the reserves areincreasing mainly due to foreign investment in the debt instruments of thegovernment.
On the other hand, foreign exchange reserves maintained by the commercialbanks stand at a stable position of $6.53 billion as of mid-January.
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The stability in the foreign reserves situation continued to reflect itsstrong impact on the local currency which saw improvement against thedollar in recent days.
The stability of the rupee against the dollar also exhibited its impact onthe imports of the goods and services.
