Foreign reserves up by $24.4mn to $20.16bn

KARACHI: The foreign exchange reserves held by the country increased by $24.4 million (+0.12 percent) to $20.16 billion by week ended March 05, 2021, State Bank of Pakistan (SBP) said on Thursday.
According to data published by the central bank, the foreign exchange reserves of the country were $20.13 billion by week ended February 26, 2021. The central bank said that its reserves increased due to the government’s inflows.
The reserves held by the central bank increased by $37.7 million to $13,016.10 million from $12,978.40 million recorded on February 26, 2021, showing a growth of 0.29 percent on a week-on-week basis.
On the other hand, the foreign exchange reserves held by commercial banks witnessed a decrease of $13.3 million to $7,141.80 million by week ended March 05, 2021 as compared with $7,155.1 million a week ago, showing a decline of 0.19 percent on a week-on-week basis. – TLTP