929820

Foreign exchange reserves increased by $16 million: State Bank.

KARACHI (webdesk) – Pakistan’s foreign exchange reserves increased by $16 million in the last week, according to State Bank of Pakistan data.

The central bank said that its official reserves increased from $16.0557 billion to $16.0718 billion, representing a slight increase throughout the week. Overall, the country’s overall reserves increased to $21.2484 billion.

The State Bank also reported that commercial banks’ assets increased by $5.6 million, totaling $5.1927 billion.

Officials said the increase provides some breathing room for the economy, even as the nation continues to closely monitor foreign inflows and outflows.

Related posts:

  1. The government has eliminated 150,000 vacancies, according to the finance minister.
  2. FM Aurangzeb informs the WEF that Pakistan has the third-largest number of freelancers.
  3. Flour prices in Pakistan have risen by up to 100 percent.
  4. Construction work on the Karachi-Sukkur motorway will begin this year.
  5. Reko Diq mine will provide $74 billion in cash flow, says Barrick CEO.
  6. Next month, the EU is scheduled to investigate Karachi Fish Harbor.
  7. Pakistan’s foreign exchange reserves fell by $132 million.
  8. PSX reaches 174,000 milestone for the first time, backed by strong investor confidence.