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KARACHI: Foreign exchange reserves held by the State Bank of Pakistan increased by $593 million during the week ended April 27, said a press release on Thursday.
The SBP reserves, which had been declining since beginning of this financial year, finally rose to $11.51 billion due to official inflows. In the post-budget press conference, Finance Minister Miftah Ismail said the country has received a $1bn inflow.
Total reserves of the country grew to $17.71bn while the holdings of the commercial banks stood at $6.202bn.
Published in Dawn, May 4th, 2018
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May 05, 2018 01:03am
Very good news indeed.
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