Forex reserves increase to $4.59 billion.
KARACHI -- The foreign exchange reserves held by the central bank rose by 6.4% on a week-on-week basis to $4.3 billion, according to data released by the State Bank of Pakistan (SBP) on Friday.
On March 17, 2023, the SBP's foreign currency reserves stood at $4,598.7 million, up by $280 million compared to $4,319.1 million on March 10.
The central bank attributed the rise in foreign exchange reserves to the receipt of $500 million as government of Pakistan's commercial loan disbursement.
'After accounting for external debt repayments, SBP reserves increased by $280 million to $4,598.7 million,' it said in a statement.
Overall, the liquid foreign currency reserves held by the country, including the net reserves held by banks other than the SBP...
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