Forex reserves soar to over $23 billion

Forex reserves soar to over $23 billion

AYESHA TALAT

KARACHI: Country’s foreign exchange reserves have soared to over $23 billion in the
wake of increased inflows, the central bank said Thursday (Forex rates Pakistan).

It said the foreign exchange reserves have surged by $467 million during the week ended August 19.

State Bank of Pakistan (SBP) has said that the forex reserves have increased to $23.081 billion. Of them, the central bank holds $18.187 million while the commercial banks have $4.894 billion in hand.

The central bank liquid foreign exchange reserves have increased from $17.72 billion to $18.187 billion during the said period.

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