KARACHI: The foreign exchange reserves of the State Bank of Pakistan (SBP) increased by $126 million due to official inflows for the government to $17.326 billion during the week ended on Nov 5, the central bank announced on Thursday.

However, the country’s total reserves increased by $100m to $24.025bn while the reserves of the commercial banks declined by $27m to $6.699bn.

Pakistan hopes to see its reserves high with the promised inflow of $3bn from Saudi Arabia.

Published in Dawn, November 12th, 2021