Pakistan’s foreign reserves rise $494m to $9.39bn

KARACHI: Pakistan’s foreign exchange reserves increased by US$365.7 million to reach US$14.57 billion as of  June 28, State Bank of Pakistan (SBP) statement read.

The central bank in a statement said that Pakistan’s reserves held by the SBP stood at US$9.38 billion after an increase of US$ 493.7 million.

“During the week ended on 28-June-2024, SBP reserves increased by US$ 494 million to US$ 9,389.5 million due to official inflows from multilateral agencies,” the SBP added.

The SBP statement read that the country’s reserves held by the commercial banks decreased by US$128 million to US$5.18 billion,

Earlier it was reported that Pakistan’s foreign exchange reserves stood at US$14.207 billion as of June 21.