Country’s foreign exchange reserves increase to $19.907 billion

KARACHI: The liquid foreign exchange reserves of the country increased by $553 million to $19.907 billion by week ended November 06, 2020, State Bank of Pakistan (SBP) said on Thursday.

The foreign exchange reserves of the country were at $19.354 billion by the week ended October 29, 2020.

The official reserves of the SBP increased by $558 million for the week ended November 06, 2020 as against $12.183 billion a week ago.

The SBP attributed the increase to receipt of $500 million as government loan proceeds.

The foreign exchange reserves of the commercial banks eased to $7.166 billion by week ended November 06, 2020 as compared with $7.171 billion a week ago.

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