Pakistan’s forex reserves rise to $18.06 billion

KARACHI: Pakistan’s foreign exchange reserves rose to $18.06 billion in the week ending Sept 3, from $17.90 billion in the previous week, the central bank said on Thursday.

Reserves held by the State Bank of Pakistan (SBP) rose to $14.60 billion from $14.45 billion, while those held by commercial banks rose to $3.46 billion from $3.45 billion, according to the State Bank of Pakistan.

Foreign exchange reserves hit a record $18.31 billion in the week ending July 30 but have eased due to scheduled debt repayments.

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