Foreign exchange reserves increased to $14.637bn

ISLAMABAD: The foreign reserves witnessed prominent increase during the week ended on July 4 reaching the highest level of last 21 months, ARY News reported.

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As per the statement issued by the State Bank of Pakistan (SBP) on Thursday, the total liquefied reserves held by the country stood at $ 14.637 billion on July 4.

During the week, foreign reserves of the country increased by $640.76 million.

According to the SBP weekly statement, the foreign exchange reserves held by central bank amounted to $ 9.6023 billion after the increase of $ 569 million while the net foreign reserves held by banks stood at $ 5.0354 billion during the week under review.

The increase in SBP reserves is mainly attributed to receipts of $556 million from IMF under EFF.




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Foreign exchange reserves increased to $14.637bn

by Zohaib Kazmi