KARACHI: The country’s foreign exchange reserves have increased $62.3 million or 0.38% to $16194.2 million till the week ended on March 27 as compared to $16,131.9 million of the previous week.
According to the State Bank of Pakistan (SBP), the central bank held $11,123.3 million net reserves, while other banks held $5,070.9 million.
During the first two weeks of March, the forex reserves raised as compare to reserves of February. However, reserves slashed in the last two weeks of March but still showing better performance since the commencement of 2015. At the end of January, reserves value was $15,162.6 million and now total value is $16,194.2 million. On year-on-year, forex reserves increased by 5.72% from $15267.9 million recorded in the financial year 2014.
