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Pakistan's foreign exchange reserves rise by $16 million, central bank s

Pakistan's foreign exchange reserves rise by $16 million, central bank s

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The State Bank also reported that total reserves went up by $9.8 million to $21.258 billion, while reserves held by commercial banks edged down by $61 million to $5.170 billion.

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KARACHI (Dunya News) – Pakistan’s official foreign exchange reserves inched up by $16 million over the past week, the State Bank of Pakistan said on Thursday.

According to central bank data, the country’s official reserves climbed from $16.718 billion to $16.877 billion.

The State Bank also reported that total reserves went up by $9.8 million to $21.258 billion, while reserves held by commercial banks edged down by $61 million to $5.170 billion.

Officials said the latest figures point to a steady trend, even as the market keeps a close eye on inflows and upcoming external payments.