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Foreign exchange reserves increase by $126m

Foreign exchange reserves increase by $126m

KARACHI: The total liquid foreign exchange of the country increased by $126 million by week ended February 28, 2020, the State Bank of Pakistan (SBP) said on Thursday.

The total foreign exchange reserves of the country increased to $18.869 billion by week ended February 28, 2020 as compared with $18.743 billion a week ago.

The official reserves of the central bank increased by $165 million to $12.757 billion by week ended February 28, 2020 as compared with $12.592 billion a week ago.

However, foreign exchange reserves held by commercial banks fell by $39 million to $6.112 billion by week ended February 28, 2020 as compared with $6.151 billion a week ago.