Pakistan sees further rise in forex reserves

KARACHI: The State Bank of Pakistan (SBP) said on Thursday that its foreign exchange reserves rose by $243 million in the week ending on January 19.

The central bank said in a statement that its foreign exchange reserves now stand at $8.27 billion, up from $8.027 billion a week earlier.

The SBP also said that the foreign exchange reserves held by the commercial banks amounted to $5.07 billion, slightly lower than $5.11 billion in the previous week.

Read more: SBP reports weekly drop in forex reserves amid debt repayments

The total liquid foreign exchange reserves of the country reached $13.34 billion, compared to $13.14 billion in the week before.