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Foreign exchange reserves rise to $13.435 billion: SBP

byCustoms Today Report
17/10/2014
in Business
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KARACHI: The country’s foreign exchange reserves soared to $13.435 billion during the week ending October 10 as compared to $13.40 billion in the previous week, the State Bank of Pakistan (SBP) said.

The reserves held by the SBP increased by $25 million to reach $8.882 billion from $8.857 billion. While the reserves held by other banks were $4.553 billion as compared to $4.543 billion in the previous week.

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During the week, there was no significant outflow; however, the SBP received $44 million from multilateral and bilateral sources.

Tags: CurrencyForeign Exchange Reservesforex reservesPakistani banksSBP

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