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Foreign exchange reserves rise to $20.5bln



KARACHI: Pakistan’s overseas trade reserves elevated $258 million, or 1.27 p.c, through the week ended December 31, the central financial institution reported on Thursday.

The nation’s foreign exchange reserves stood at $20.512 billion, in contrast with $20.254 billion within the earlier week.

The overseas trade reserves held by the State Financial institution of Pakistan (SBP) elevated $261 million to $13.412 billion. The rise within the SBP’s reserves is attributed to the federal government’s official inflows.

The overseas trade reserves of economic banks stood at $7.099 billion, in contrast with $7.103 billion within the previous week.




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