ISLAMABAD, March 24 (Xinhua) -- The State Bank of Pakistan (SBP) said on Thursday that its foreign exchange reserves have increased by 280 million U.S. dollars.
During the week ending on March 17, the total foreign exchange reserves of the SBP rose to around 4.6 billion dollars, the SBP said in a statement.
Last week, "the SBP received 500 million dollars as the government of Pakistan's commercial loan disbursement," the statement said, adding that "after accounting for external debt repayments, the central bank's reserves" had recorded this increase.
Currently, the net foreign reserves held by commercial banks come at 5.5 billion dollars, it said.
The total liquid foreign reserves held by the South Asian country stands currently at about 10.1 billion dollars, according to the SBP. ■