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Thursday April 18, 2024

Forex reserves rise to $16.385bln

By Our Correspondent
July 06, 2018

KARACHI: Pakistan’s foreign exchange reserves increased to $16.385 billion during the week ended June 29 from $16.243 billion a week ago, the central bank said on Thursday.

The reserves held by the State Bank of Pakistan (SBP) went up by $126 million on a weekly basis. The SBP’s forex reserves stood at $9.788 billion.

The forex reserves of commercial banks rose to $6.596 billion as compared to $6.581 billion in the preceding week.