Increa­se comes on the back of inflow­s from UAEKARACHI: The foreign exchange reserves held by the central bank increased 8.81% on a weekly basis, according to data released by the State Bank of Pakistan (SBP) on Thursday. However, financial assistance from the United Arab Emirates (UAE) and Saudi Arabia helped shore up the foreign exchange reserves. On March 15, the foreign currency reserves held by the SBP were recorded at $8,838.7 million, up $715.8 million compared with $8,122.9 million in the previous week. Foreign exchange: SBP reserves increase $6.4m to stand at $8.12bOverall, liquid foreign currency reserves, held by the country, including net reserves held by banks other than the SBP, stood at $15,709.6 million. In January last year, the SBP made a $500-million loan repayment tothe State Administration of Foreign Exchange (SAFE), China.

Source: The Express Tribune March 21, 2019 15:11 UTC