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Forex reserves surge to near $21 billion

byCT Report
13/05/2016
in Business
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KARACHI: The foreign exchange reserves of the country increased $47 million to $20.834 billion by week ended May 6, 2016 as against $20.787 billion a week ago, the State Bank of Pakistan reported.

The SBP reserves increased by $128 million to $16.033 billion, compared to $15.905 billion in the previous week. The reserves held by the commercial banks fell by $82 million to $4.801 billion from the previous week’s level of $4.883 billion.

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