Forex reserves rise to $18.123bln

KARACHI: The foreign exchange reserves held by the country stood at $18.123 billion, compared with $18.084 billion in the previous week, the central bank reported on Thursday.

The forex reserves of the State Bank of Pakistan (SBP) increased to $11.586 billion during the week ended January 10 from $11.503 a week ago. “During the week ending January10, 2020, the SBP’s forex reserves increased $82 million to $11,586.0 million,” it added.

Meanwhile, the foreign exchange reserves held by commercial banks dropped to $6.537 billion from $6.581 billion.