Forex reserves increase

KARACHI: The foreign exchange reserves of the country increased by $194 million to $21.74 billion by week ended April 7, 2017 from the preceding week, State Bank of Pakistan (SBP) said on Thursday.

During the week, SBP’s official reserves increased by $222 million to $16.688 billion from $16.466 billion a week ago. During the week, SBP received multilateral inflows of $317 million and made payments of $118 million on account of external debt servicing and other official payments.

The foreign exchange reserves held by commercial banks, however, declined to $5.05 billion as against $5.084 billion, a week ago.