Country’s foreign exchange reserves increase to $19.302 billion

KARACHI: The liquid foreign exchange reserves of the country increased by $287 million to $19.302 billion by week ended October 16, 2020, State Bank of Pakistan (SBP) said on Thursday.

The foreign exchange reserves of the country were at $19.015 billion by week ended October 09, 2020.

The official reserves of the central bank also increased by $269 million to $12.067 billion by week ended October 16, 2020 as compared with $11.798 billion a week ago.

The SBP attributed the increase in official reserves to the government inflows.

The foreign exchange reserves held by commercial banks witnessed nominal increase of $18 million to $7.235 billion by week ended by October 16, 2020 as compared with $7.217 billion a week ago.

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