Foreign exchange reserves increase by $160 million

Foreign exchange reserves increase by $160 million

KARACHI: The liquid foreign exchange reserves of the country have increased by $160 million to $20.402 billion by week ended December 04, 2020, State Bank of Pakistan (SBP) said on Thursday.

The foreign exchange reserves of the country were at $20.242 billion by week ended November 27, 2020.

During the week ended December 04, 2020, SBP received $359 million from multilateral/bilateral sources including $307 million from Asian Development Bank (ADB).

After accounting for external debt repayments, SBP reserves increased by $188 million to $13.298 billion.

The foreign exchange reserves held by commercial banks however fell by $27 million to $7.104 billion by week ended December 04, 2020 as compared with $7.131 billion a week ago.

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