Pakistan's forex reserves soar by $394m

Pakistan's forex reserves soar by $394m

Business

SBP reserves have reached to $4.432bn

 KARACHI (Dunya News) – A report by State Bank of Pakistan (SBP) stated that forex reserves of the country rose by $394m.

According to SBP, on the week ending on April 14th, the forex reserves of the country increased from $9.56bn to the level of $9.965 approximately.

The reserves held by central bank increased by $394m and reached $4.432bn whereas the reserves of commercial banks posed increase of $6.2m and reached $5.532bn.