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Foreign exchange reserves increase by $229m to $15.972b

Foreign exchange reserves increase by $229m to $15.972b

KARACHI: The foreign exchange reserves of the country have increased by $229 million to $15.972 billion by week ended May 03, 2019 as compared with $15.742 billion a week ago, State Bank of Pakistan (SBP) said on Thursday.

The foreign exchange reserves held by central bank increased by $179 million to $8.984 billion as compared with $8.805 billion a week ago. The SBP said that the reserves were increased doe to official government inflows.

The reserves held by commercial banks also increased by $51 million to $6.988 billion as compared with $6.937 billion a week ago.