RECORDER REPORT

KARACHI: The country’s total liquid foreign reserves increased by $307 million during the last week.

According to State Bank of Pakistan (SBP) weekly report issued on Thursday, Pakistan’s total liquid foreign exchange reserves surged to $ 17.296 billion as on April 10, 2020 compared to $16.988 billion as on April 16, 2020 3, 2020.

During the week under review, SBP’s reserves increased by $252 million to $ 10.975 billion, due to official inflows. Reserves held by the banks also mounted up by $55 million to 6.321 billion end of last week as against $6.266 billion a week earlier.