Pakistan’s Forex Reserves Increase 14 Million USD: Central Bank
ISLAMABAD, Nov 3 (NNN-APP) – Pakistan’s total foreign exchange reserves have increased 14 million U.S. dollars, the State Bank of Pakistan (SBP) said in a statement, yesterday.
With the increase, total liquid foreign reserves held by the country stand at 12.6 billion dollars, as of Oct 27, the statement said.
Reserves held by the SBP were calculated as 7.5 billion dollars, and commercial banks have 5.1 billion dollars, it added.
The increase was attributed to an uptick in the country’s exports, which saw a five-percent increase, after a continued decline of 12 months.