Pakistan's central bank forex reserves rise 533 mln USD
Source: Xinhua | 2023-07-04 | Editor:Christine
The State Bank of Pakistan (SBP) has said its foreign exchange reserves had increased 533 million U.S. dollars.
During the week ending on June 23, the total foreign exchange reserves of Pakistan's central bank moved to around 4.1 billion dollars, the SBP said in a statement on Monday night.
The increase is mainly attributed to the realization of 300 million dollars proceeds of the government's commercial loan, the statement said.
Net foreign reserves held by commercial banks came at 5.3 billion dollars, the central bank said.
Total liquid foreign reserves held by the South Asian country stood at about 9.3 billion dollars, according to the SBP.
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