*KARACHI: **In positive economic development, Pakistan Foreign Exchangereserves register yet another Rise.*
The foreign exchange reserves held by the central bank increased 1.28% on aweekly basis, according to data released by the State Bank of Pakistan(SBP) on Thursday.
On February 7, the foreign currency reserves held by the SBP were recordedat $12,430.8 million, up $157 million compared with $12,273.7 million inthe previous week.
Overall, liquid foreign currency reserves held by the country, includingnet reserves held by banks other than the SBP, stood at $18,735.4 million.Net reserves held by banks amounted to $6,304.6 million.
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Pakistan received the first loan tranche of $991.4 million from theInternational Monetary Fund (IMF) on July 9 last year, which helped bolsterthe reserves. In late December, the IMF released the second loan tranche ofaround $454 million.
