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Pakistan’s foreign exchange reserves increase to $25.128b

Pakistan’s foreign exchange reserves increase to $25.128b

KARACHI: Pakistan’s foreign exchange reserves have increased to $25.128 billion by week ended July 16, 2021. The State Bank of Pakistan (SBP) said the weekly reserves have increased by $816 million.

The country’s foreign exchange reserves were at $24.312 billion a week ago.

The official reserves of the SBP increased by $845 million to $18.051 billion by week ended July 16, 2021. During the week the SBP received proceeds of $1.041 billion against Pakistan Euro Bonds. The official reserves were at $17.206 billion a week ago.

The reserves held by commercial banks fell by $29 million to $7.077 billion by week ended July 16, 2021. The commercial banks had foreign exchange reserves of $7.106 billion by week ended July 9, 2021.