Pak foreign exchange reserves increase to $4.598 billion.
ISLAMABAD -- Pakistan's foreign exchange reserves held by the central bank have increased by $280 million to $4.598 billion following the inflow from China. 'During the week ended on 17-Mar-2023, SBP received $500 million as government of Pakistan commercial loan disbursement. After accounting for external debt repayments, SBP reserves increased by $280 million to $4,598.7 million,' said State Bank of Pakistan on Thursday. The total liquid foreign reserves held by the country stood at $10.139 billion as of 17-Mar-2023. The break-up of the foreign reserves position is as foreign reserves held by the State Bank of Pakistan are $4.59 billion and foreign reserves held by commercial banks are $5.540 billion. The government has received $1.7 billion inflow from Chinese commercial bank, which increased the country's foreign exchange reserves. The country would further...
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