The country’s liquid foreign exchange reserves have slightly increased to $17.898 billion by the week that ended on August 27, the State Bank of Pakistan (SBP) said Monday. Last week, the country held $17.958 billion by the week ended on August 20 against $18.042 billion of the preceding week.
According to the central bank, during the week under review the SBP possessed $14.447 billion against last week’s $14.499 billion. Likewise, the central bank said, the dollar reserves of the commercial banks stood at $3.451 billion, compared to $3.459 billion of a week earlier. The State Bank attributes this sea-sawing in the foreign exchange reserves of the central and commercial banks, respectively, to the routine repayment of debts and withdrawal by the account holders.