Pakistan’s forex reserves edge up by $16M

Foreign exchange reserves held by the State Bank of Pakistan increased by $16 million, according to a statement released by the central bank on Thursday.

For the week ending Feb. 20, the central bank’s total foreign exchange reserves stood at approximately $16.21 billion, the statement said, News.Az reports, citing Xinhua.

In addition, net foreign reserves held by commercial banks were reported at around $5.19 billion.

Overall, Pakistan’s total liquid foreign reserves — combining holdings of the central bank and commercial banks — were recorded at about $21.4 billion during the same period.

News.Az 

By Nijat Babayev