Pakistan foreign exchange reserves surged to $18.01 billion from $17.595 billion with the fresh inflows of $582 million from various global agencies by the end of 2019. The foreign exchange reserves held by commercial banks stand at $6.592 billion. The exchange reserves of commercial banks are slightly reducing as Dollar’s investors are offloading their savings in the open markets.
The trend may continue in the next few weeks passing on its healthy benefits to the economy.
Source: Pro Pakistani