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Pakistan Foreign Exchange Reserves register sudden increase

Pakistan Foreign Exchange Reserves register sudden increase

ISLAMABAD – – Pakistan foreign exchange reserves have registered a suddenincrease.

Pakistan Foreign Exchange Reserves have increased by $593 million to reachat $11,510 million.

The country’s foreign exchange reserves stood at around $17.7129 billion onApril 27, 2018. Foreign exchange reserves held by SBP stood at around$11.510 billion. Foreign exchange reserves held by commercial banks stoodat $6.202 billion.

According to sources, the increase in SBP’s reserves is due to officialinflows.