Foreign exchange reserves rise by $0.81 billion
Foreign exchange reserves rise by $0.81 billion
KARACHI (Dunya News) – Pakistan’s foreign exchange reserves are on the rise, with the latest addition coming through assistance from China. The country’s reserves now stand at $18.79 billion.
According to details, State Bank of Pakistan’s foreign exchange reserves increased by $0.81 billion to $12.41 billion as of 3 July, while the country’s total foreign exchange reserves increased by $820 million to $18.79 billion.
During the same period, commercial banks had foreign exchange reserves of $6.78 billion.
According to the state bank, the main reason for the increase in foreign exchange reserves is the $1 billion loan from China to the government of Pakistan. As of July 3, the government of Pakistan also repaid foreign loans of $231.2 million.
