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