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KARACHI: The foreign exchange reserves of the State Bank of Pakistan (SBP) crossed $12 billion mark with the inflow of $1bn from China during the week ended on July 3.
However, the country’s overall reserves rose to $18.79bn from preceding week’s $17.97bn, the central reported on Thursday.
The SBP’s reserves increased by $811 million to $12.041bn during the week after making external debt payments of $231.2m.
The forex reserves of commercial banks increased by $8m to $6.748bn.
Published in Dawn, July 10th, 2020
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Jul 10, 2020 09:57pm
Pakistan needs 1 billion $ every two month to maintain its foreign reserves . 1 billion $ forex reserves depletes every one or two month .
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