SBP's foreign exchange reserves increase 7.2pc in a week.

Foreign exchange reserves held by the State Bank of Pakistan (SBP) increased 7.2 per cent on a week on week basis, according to data released by the central bank on Thursday.

Foreign currency reserves held by SBP as on July 3, stood at $12.041 billion recording an increase of $0.811 billion compared to foreign reserves of $11.231 billion recorded in the previous week.

As per the central bank, the increase in reserves is due to proceeds of $1 billion loan from China. SBP further stated that it had also made the government's external debt payments of $231.2 million during the week.

Net...