Karachi: The foreign exchange reserves of Pakistan rose to USD 19.9 billion in the week which closed on September 4, according to a State Bank of Pakistan (SBP)’s notification publicised on Thursday.
Out of these total reserves, the SBP held over USD 12.8 billion, while commercial banks held USD 7.15 billion. The SBP forex holdings registered an increase of USD 95 million, the majority of which can be attributed to an influx of USD 121 million from the Asian Development Bank (ADP).
In the previous week, these foreign exchange reserves stood at USD 19.842 billion. The commercial banks’ reserves rose from USD 7.130 billion to USD 7.153 billion.
Meanwhile, those of the SBP increased from USD 12.712 billion to USD 12.807 billion. This indicates an encouraging trend in the market and bodes well for the economy. These amounts refer to the time period starting on August 28 and ending on September 4.
