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The reserves peaked last week, from the previously reported $17.95 billion in March, the State Bank of Pakistan (SBP) said. - File Photo
KARACHI: Pakistan's foreign exchange reserves have surged to a record high of $18.25 billion, a central bank official said Thursday.
The reserves peaked last week, from the previously reported $17.95 billion in March, the State Bank of Pakistan (SBP) said.
The record was due to a rise in remittances from overseas Pakistanis and a jump in exports, he added.
In January Washington transferred more than $633 million to the Pakistani government to help pay for its efforts in the fight against Islamist extremists, which also boosted foreign exchange reserves.
