Forex reserves rise to $20bln

KARACHI: Pakistan’s foreign exchange reserves rose 1.93 percent to $20.052 billion during the week ended October 13, the central bank reported on Thursday. The foreign exchange reserves held by the State Bank of Pakistan (SBP) increased $370 million to $14.158 billion due to official flows, it said. The foreign exchange reserves held by commercial banks also went up to $5.895 billion from $5.884 billion a week ago.