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Views Article – Sharenet Wealth

Asia, Forex

Pakistan reserves increase $918 mln to $8,001.3 mln week ending July 12

KARACHI, Pakistan, July 18 (Reuters) – Pakistan’s foreign exchange reserves increase $918 million to $8,001.3 million in the week ending July 12, compared to $7,083.6 million in the previous week, the central bank said on Thursday. RESERVES Week ending Previous Week Change/pct ($ billions) July 12 Held by the State $8,001.3 mln $7,083.6 mln 12.9 Bank of Pakistan Held by $7,247.9 mln $7,175.7 mln 1.0 commercial banks Total $15,249.2 mln $14,259.3 mln 6.9 During week ending July 12, State Bank of Pakistan received the first tranche of $991.4 million from International Monetary Fund. Taking into account outflows relating to external debt and other official payments, banks reserves increased by $918 million, central bank said on Thursday. (Reporting by Syed Raza Hassan)


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