KARACHI, Dec 4: The country’s foreign exchange reserves rose by $2.48 billion to $9.08 billion in the week ending Nov 29, the State Bank of Pakistan announced on Thursday.

The central bank’s forex holdings rose to $5.94 billion from $3.44 billion a week earlier, and that of commercial banks were $3.14 billion compared with $3.16 billion.

Reserves rose because the SBP had received $3.1 billion from the International Monetary Fund, the first tranche of a $7.6 billion loan.—Reuters