Tag: Foreign reserves

Pakistan’s forex reserves cross the $18 Billion mark

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.

Pakistan’s foreign exchange reserves cross $15.5 Billion

According to the weekly report of State Bank of Pakistan (SBP), foreign exchange reserves of Pakistan crossed $15.5 billion mark that are at the highest since June 2019. As per the report, the total foreign reserves of State Bank have recorded an increase of $240 million and stand at $8,682.3 million. While the commercial banks have a total of $6,895.4 million of foreign reserves.