Pakistan sees increase in foreign exchange reserves

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2024-07-05T07:45:52+05:00 News Desk

Pakistan’s foreign exchange reserves increased by US$365.7 million to reach US$14.57 billion as of 28th June, said the State Bank of Pakistan (SBP).


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.


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


“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.

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