Domestic foreign exchange reserves rise after four weeks

Domestic foreign exchange reserves rise after four weeks

The country’s foreign exchange reserves have increased for the first time after four weeks of continuous decline.

According to the data released by the State Bank of Pakistan, the country’s foreign exchange reserves stood at 13 billion 61 million dollars till August 12. State Bank said foreign exchange reserves enlarged by $50 million in the week over August 12. Reserves of State Bank have increased by 67 million dollars, after which the reserves of State Bank remained at 7.89 billion dollars till August 12. Deposits of commercial banks decreased by 1.48 crore dollars to 5.71 billion dollars.

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