Karachi: The State Bank of Pakistan (SBP) has reported an uptick in the foreign exchange (FOREX) reserves by USD 67 million leading to an accumulative USD 7.897 billion during the week ended on August 12, according to news published on August 19.
The central bank held USD 5.716 billion and the total national reserves reached USD 13.613 billion, as per the details shared in the news story. The report highlighted that the weak external account of the country needs additional help to increase the national reserves.
Reportedly, Finance Minister Miftah Ismail has assured the nation that the cash inflow from International Monetary Fund (IMF) and other resources will resume soon and fill the gap in national reserves.
It was also reported that the national exchange rate has improved by recovering from the dollar-rupee parity of PKR 239.5 to PKR 213.8 against a one dollar bill.
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