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SBP reserves surge $155m to stand at $7.767b

SBP reserves surge $155m to stand at $7.767b

KARACHI: The foreign exchange reserves increase $155 million to $7,767.0 million in the week ending July 26, compared to $7,611.9 million in the previous week, the central bank said on Friday.

State Bank of Pakistan s reserves increased by $155 million due to official government of Pakistan inflows, the central bank said. The foreign exchange reserves of other banks increased by $45 million to stand at $7.295 billion.

The country’s foreign exchange reserves up by $200 million to $15.062 billion, while the reserves of SBP increased on arrival of assistance from consortium of banks.