Pakistan’s foreign exchange reserves rise by $13 mn

Pakistan’s foreign exchange reserves showed mixed movement during the past week, according to the State Bank of Pakistan (SBP).

The SBP said its own reserves increased slightly by $13 million, going up from $15.90 billion to $15.91 billion.

In contrast, foreign exchange reserves held by commercial banks fell by $23 million and stood at $5.97 billion.

Because of this decline in bank reserves, the country’s total liquid foreign exchange reserves dropped by $13 million. By the end of the week, total reserves were recorded at $21.12 billion.

The central bank did not explain the reasons for these changes.

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