Foreign reserves surge $484 million in one week: SBP
KARACHI: Foreign reserves held by the central bank jumped up by $484million in one week and were recorded at $13.415 billion, announced the State Bank of Pakistan (SBP).
In addition to the 3.7% increase, the foreign exchange reserves maintained by commercial banks stood at $7.137 billion, resulting in the accumulated foreign reserves of the country being recorded at $20.5 billion
The witnessed surge was a result of loans received and foreign inflows from overseas Pakistanis through the Roshan Digital Account.
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