Pakistani central bank's forex reserves rise 66 mln USD-Xinhua

Pakistani central bank's forex reserves rise 66 mln USD

Source: Xinhua| 2023-02-24 00:11:15|Editor: huaxia

ISLAMABAD, Feb. 23 (Xinhua) -- The State Bank of Pakistan (SBP) said on Thursday that its foreign exchange reserves have increased by 66 million U.S. dollars.

During the week ending on Feb. 17, the total foreign exchange reserves of the SBP rose to around 3.26 billion dollars, the SBP said in a statement.

Net foreign reserves held by commercial banks came at 5.47 billion dollars, it added.

Total liquid foreign reserves held by the South Asian country stood at about 8.73 billion dollars, according to the central bank.

This is the second consecutive week the central bank has witnessed a slight increase in its foreign exchange reserves, a positive sign for Pakistan as its reserves went down to 2.91 billion dollars a couple of weeks ago.

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