By Mushfiq Ahmad KARACHI:
Foreign exchange reserves of the country continue to swell thanks to the massive inflows of dollars from abroad in remittances and foreign direct investment (FDI). According to the figures released by the State Bank of Pakistan (SBP) total liquid foreign reserves held by the country rose by $69 million from September 8 to September 15.
The country’s reserves surged to $16,090.7 million on September 15 from $16,021.3 million on September 8. Net foreign reserves held by banks other than SBP rose from $2,248.4 million to $2,292.6 million. Foreign reserves held by the SBP rose from $13,772.9 million to $13,798.1 million.
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