The country’s foreign exchange reserves swelled beyond $14.042 billion during the week that ended on December 12, said the State Bank Thursday.
The week under review saw the central bank holding $ 9.347 billion showing an increase of $ 144 million compared to $9.203 billion the bank had possessed in the previous week.
“During the week, the SBP received $73 million from multilateral, bilateral and other sources,” said the regulator.
The dollar reserves of the commercial banks stood at $ 4.695 billion. The country’s economic managers are restlessly awaiting the release of at least $ 1.1 billion by the International Monetary Fund whose Executive Board is reported to have cleared the amount for Pakistan under the Extended Fund Facility.
