Pakistan’s Foreign Exchange Reserves Edge Up to $16.6 Billion

Islamabad (Daily Pakistan Online Punjab) Pakistan’s foreign exchange reserves have seen a slight boost, increasing by $19.1 million in the week ending December 6. As of December 6, the country’s foreign exchange reserves stood at $16.6 billion, according to a statement by the State Bank of Pakistan.

A breakdown of the reserves shows that the State Bank’s reserves increased significantly, rising by $12.5 billion to $12.5 billion. However, the reserves of commercial banks took a hit, decreasing by $31.6 million to $4.55 billion. This development comes as Pakistan’s foreign exchange reserves have been fluctuating in recent months.