Foreign exchange reserves increase to $22.91 billion

Foreign exchange reserves increase to $22.91 billion

KARACHI: The foreign exchange reserves of the country increased by $167 million to $22.91 billion by week ended May 07, 2021, State Bank of Pakistan (SBP) said on Monday.

The foreign exchange reserves of the country were at $22.743 billion by week ended April 30, 2021.

The foreign exchange reserves held by the SBP increased by $176 million to $15.774 billion by week ended May 07, 2021 as compared with $15.598 billion by week ended April 30, 2021. The SBP attributed the weekly increase in the foreign exchange reserves to the government’s official inflows.

The foreign exchange reserves held by commercial banks eased by $9 million to $7.136 billion by week ended May 07, 2021 as compared with $7.145 million on the week ended by April 30, 2021.

Leave a Reply

You have to agree to the comment policy.