Centra­l bank states no reason for the increa­se of $13mKARACHI: The foreign exchange reserves, held by the central bank, increased 0.16% on a weekly basis, according to data released by the State Bank of Pakistan (SBP) on Thursday. However, the financial assistance from the United Arab Emirates (UAE) and Saudi Arabia helped shore up the foreign exchange reserves. Foreign exchange: SBP reserves fall 7.34%, amount to $7.46bOverall, the liquid foreign currency reserves, held by the country, including net reserves held by banks other than the SBP, stood at $14,895.8 million. Foreign exchange: SBP reserves surge 10.6% after release of Saudi aidIn April, the SBP’s reserves increased $593 million due to official inflows. In January last year, the SBP made a $500-million loan repayment to the State Administration of Foreign Exchange (SAFE), China.

Source: The Express Tribune February 14, 2019 18:32 UTC