Forex reserves up

Forex reserves up by $811m, says SBP

F.P. Report

ISLAMABAD: The foreign exchange reserves held by State Bank of Pakistan (SBP) increased by US $811 million to $12.04 billion during the week ended on July 03.

According to data issued by the State Bank of Pakistan (SBP) on Thursday, total liquid foreign reserves held by the country stood at $18.79 billion on July 03.

The increase in reserves is primarily attributed to proceeds of $1.0 billion as loan disbursement from China whereas during the week, SBP also made government external debt payments of $ 231.2 million.

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