Pakistan’s forex reserves rise by $47m

Pakistan’s foreign exchange reserves recorded a modest rise of $47 million this week, pushing the total to $19.61 billion, reported 24NewsHD TV channel. 

according to data released by the State Bank of Pakistan (SBP).

The central bank confirmed that its foreign currency holdings increased by $18 million in one week, bringing the SBP’s total reserves to $14.27 billion. Officials said the increase reflects steady inflows and a slight improvement in the country’s external position. 

Reserves held by commercial banks also iump, climbing by $29 million to reach $5.34 billion. This combined growth has pushed the national foreign exchange reserves above the $19.6 billion mark.