State Bank of Pakistan reserves up at $10.892bln

KARACHI: Foreign exchange reserves held by the central bank improved to $10.892 billion in the week ended December 13, from $9.233 billion a week earlier, it said on Thursday.

“SBP- (State Bank of Pakistan) held reserves increased $1,659 million to $10,892.9 million. This increase is attributed to multilateral and other official inflows including proceeds of $1,300 million received from Asian Development Bank,” the central bank said in a statement.

Total forex reserves held by the country rose to $17.655 billion from $16.048 billion. The reserves held by commercial banks, however, fell to $6.762 billion from 6.814 billion.