Foreign exchange reserves edge up by $16 million, State Bank reports
Business
Pakistan’s foreign exchange reserves rose by $16 million last week, with the State Bank’s official holdings increasing and commercial banks also posting a modest gain.
KARACHI (Dunya News) – Pakistan’s foreign exchange reserves inched up by $16 million over the past week, according to figures released by the State Bank of Pakistan.
The central bank said its official reserves rose from $16.0557 billion to $16.0718 billion, showing a modest gain during the week. Overall, the country’s total reserves climbed to $21.2484 billion.
The State Bank also noted that commercial banks’ holdings went up by $5.6 million, reaching $5.1927 billion.
Officials said the uptick offers some breathing space for the economy, even as the country continues to keep a close watch on external inflows and outflows.
