ECONOMIC NEWS
KARACHI: Pakistan’s foreign exchange position showed a slight uptick this week, with the State Bank of Pakistan (SBP) posting a modest gain in its official reserves.
Figures released by the central bank indicate that SBP-held reserves rose by $27 million, pushing the total to $14.5515 billion. Overall, the country’s foreign exchange reserves also moved upward, climbing by $140 million to settle at $19.73 billion.
In contrast, commercial banks saw their reserves dip. Their foreign currency holdings declined by $12.8 million over the week, bringing the total down to $5.187 billion.
Read more: https://nayakashmir.com/bulls-charge-ahead-as-psx-rally-pushes-kse-100-up-by-over-1350-points/
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