KARACHI: The foreign exchange reserves in the country have witnessed an increase of US$19 million in the week ending on February 19.
According to the data released by the central bank, net reserves held by the SBP stood at $12,908 million.
Overall liquid foreign reserves held by the country stood at US$ 20.041 billion as of February 19, 2021. Net reserves held by banks amounted to $7,132 million.
The State Bank of Pakistan (SBP) on Monday announced that the current account deficit has reduced to US$229 million in January 2021 from US$652 million last month.
Taking to Twitter, the SBP said that for the first seven months of the fiscal year 2020-21, the current account surplus is $912 million, a significant turnaround from the deficit of $2,544million during the same period last year.
It further said that as compared to January 2020, exports grew steadily while remittances continued their record expansion.
