SBP foreign exchange reserves recorded above $13bn

KARACHI: As per the weekly data released by the State Bank of Pakistan (SBP), the foreign exchange reserves after the addition of $38mn were recorded at $13.03bn.  

According to the statistics, the value of reserves held by commercial banks was recorded at $7.14bn thus, taking the value of net reserves to $20.15bn.

It is being forecasted that the foreign exchange reserves will surge in the upcoming days due to the hike in yields of Pakistan Investment Bonds (PIBs).

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