Home Business Foreign exchange reserves now jump to $19.563bn: SBP

Foreign exchange reserves now jump to $19.563bn: SBP

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KARACHI: The foreign exchange reserves of the country increased by $651 million by week ended July 30, 2020 owing to foreign inflows, State Bank of Pakistan (SBP) said on Thursday.
According to a tweet of the State Bank of Pakistan, the total foreign exchange reserves of the country increased by $651 million to $19.563 billion by week ended July 30, 2020 as compared with $18.912 billion a week ago.
The official foreign exchange reserves of the SBP increased by $566 million to $12.542 billion by week ended July 20, 2020 as compared with $11.976 billion a week ago.
The SBP attributed the increase to the inflows from multilateral and bilateral agencies including US$ 505.5 million received from the World Bank.
The foreign exchange reserves held by commercial banks registered an $85 million increase to $7.021 billion by week ended on July 30, 2020 as compared with $6.936 billion a week ago. – TLTP