The central bank’s foreign exchange reserves increased by 1.13% in the past week, according to data released Monday by the State Bank of Pakistan (SBP).
On May 7, the foreign exchange reserves of the SBP were registered at USD 15,774.5 million, marking an increase of USD 177 million compared to USD 15,597.9 million in the previous week.
According to the central bank, the increase was due to official government inflows. The country’s total liquid foreign exchange reserves, including net reserves of Commercial banks and SBP, amounted to USD 22,910.3 million. Net reserves with banks amounted to USD 7,135.8 million.
Reserves also increased on $ 2.5 billion in inflows from China.