ISLAMABAD – In a positive development, Pakistan Foreign Exchange Reservesregister increase.
The foreign exchange reserves held by the State Bank of Pakistan increased1.14pc on a weekly basis. According to data released by the central bank onThursday, the foreign currency reserves held by SBP were recorded at$7,892.7 million as of October 18, up $79 million compared with $7,813.7million in the previous week.
The report cited no reason for the increase in reserves.
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Overall, liquid foreign currency reserves held by the country, includingnet reserves held by banks other than the SBP, stood at $15,186.5 million.Net reserves held by banks amounted to $7,293.8 million.
