Foreign exchange reserves increase by $27 million to $15.604 billion

Foreign exchange reserves increase by $27 million to $15.604 billion

KARACHI: The liquid foreign exchange reserves of the country have increased by $27 million to $15.604 billion by week ended August 17, 2019 as compared with $15.577 billion a week ago, State Bank of Pakistan (SBP) on Thursday.

The official reserves held by SBP fell by $26 million to $8.238 billion by week ended August 17, 2019 as compared with $8.264 billion week ago.

The central bank said that its official reserves were declined due to external debt servicing and other official payments.

The foreign exchange reserves held by commercial banks have increased by $53 million to $7.366 billion from $7.313 billion.

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