FX reserves increase by $16.9mn in a week

MG News | April 21, 2022 at 03:45 PM GMT+05:00

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April 21, 2022 (MLN): The total liquid foreign exchange reserves held by the country increased by $16.9 million or 0.09% WoW to stand at $17.04bn as of the week ended on April 16, 2022, compared to $17.02bn in the previous week, weekly data released by the State Bank of Pakistan (SBP) on Thursday showed.

The data further revealed that reserves held by the central bank during the week jumped by $36.1 million or 0.33% WoW to clock in at $10.885bn.

On the contrary, the reserves of commercial banks inched down by $19.2mn or 0.31% WoW to $6.15bn.

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