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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