KARACHI: Forex reserves in Pakistan increased to $161 million, or 0.78 percent, during the week which ended on Thursday December 4. The State bank of Pakistan declared the results of Pakistan foreign exchange rise in reserves.
Cumulatively, the country’s total liquid foreign exchange reserves increased to $20.402 billion, which was recorded as $20.241 billion in the last week.
The State Bank of Pakistan (SBP) recorded $359 million reserves received from multilateral or bilateral sources. This also includes $307 million from the Asian Development Bank, the State bank of Pakistan revealed in a statement.
After calculating the external debt repayments, the central bank of Pakistan’s reserves increased from $188 million to $13.298 billion. The forex reserves held by the commercial banks decreased from $7.130 billion from $7.103 billion, the statement said.
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