Pakistan’s forex reserves rise to $25.15 billion

KARACHI: Pakistan’s foreign exchange reserves have increased $2.652 billion to $25.151 billion by the week ended December 3, 2021, the State Bank of Pakistan (SBP) said.

The country’s foreign exchange reserves stood at $22.499 billion by the week ended November 26, 2021.

The official reserves of the State Bank of Pakistan (SBP) increased $2.648 billion by the week ended December 3, 2021 as against $16.01 billion a week ago.

The SBP said during the week ended December 3, 2021, a deposit of $3 billion was received from Saudi Fund for Development.

After accounting for external debt and other official payments, the central bank reserves increased $2.648 billion to $18.658 billion, it added.

The foreign exchange reserves held by commercial banks registered a nominal increase of $4 million to $6.493 billion, compared with $6.489 billion a week ago.

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