Foreign exchange reserves increase to $19.961 billion

KARACHI: The country’s foreign exchange reserves increased by $118 million to $19.961 billion by week ended September 4, 2020, State Bank of Pakistan (SBP) said on Thursday.

The foreign exchange reserves of the country were at $19.843 billion by week ended August 28, 2020.

The official reserves of the SBP increased by $95 million to $12.808 billion by week ended September 04, 2020 as against $12.713 billion a week ago.

The SBP attributed the increase in reserves to proceeds of $121 million from Asian Development Bank (ADB).

The foreign exchange reserves held by commercial banks also increased by $23 million to $7.153 billion as against $7.130 billion a week ago.

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