Forex reserves rise to $15.604 billion

KARACHI: Pakistan’s foreign exchange reserves increased to $15.604 billion during the week ended August 17 from $15.577 billion in the previous week, the central bank reported on Thursday.

However, foreign exchange reserves held by the State Bank of Pakistan fell $26 million to $8.238 billion. The decline in the forex reserves is attributed to external debt servicing and other official payments.

The foreign exchange reserves of commercial banks rose to $7.366 billion from $7.313 billion in the previous week, it added.