Forex reserves hit all-time high of $23.418bln

KARACHI: Pakistan’s foreign exchange reserves jumped to a record $23.418 billion as on September 23, as the country continued to receive foreign inflows, especially from China to bolster its reserves’ position, the central bank said on Thursday. The forex reserves reached $23.098 billion in June this year. The country received inflows worth $700 million from China Development Bank at the end of the last week. The State Bank of Pakistan held forex reserves of $18.395 billion, while commercial banks held $5.022 billion.