Forex reserves increase to $20.88bln

KARACHI: Pakistan’s foreign exchange reserves increased $461 million to $20.88 billion during the week ended April 1 as compared to $20.423 billion in the preceding week, the central bank said on Thursday.

The State Bank of Pakistan (SBP) said the liquid reserves, held by the SBP, was up $490 million to $16.078 billion as against $15.58 billion.

The SBP said the reserves, held by banks, was down $29 million to $4.806 billion from $4.835 billion.