business

December 6, 2019

State Bank’s Nov forex reserves rise to 8-mth high of $9.112bln

KARACHI: The central bank’s foreign exchange reserves in November rose to their highest in seven months as growing optimism economic reforms, easing worries about capital outflows from a slowing economy.State Bank of Pakistan’s held foreign exchange reserves rose by $431 million in November to $9.112 billion, central bank data showed on Thursday, marking the highest level since April this year. The increase of $431 million in SBP reserves was on a weekly basis.The central bank said its...