KARACHI: The foreign exchange reserves of the State Bank of Pakistan (SBP) jumped up by $443 million, experiencing a 5.6% increase in a week, informed a statement released by the State Bank of Pakistan.
The reserves were recorded at $7,914.3 million in the previous week, which mounted up by $443.3 million and presently was recorded at $8,357.6 million.
The reasons cited for the increase are the purchase of dollars by the State Bank of Pakistan, keeping in mind the liquidity and market demand, along with obtaining commercial loans. These reasons have contributed to shoring up of the foreign reserves.
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