Business

Pakistan’s official forex reserves rise by $56 million

KARACHI: Pakistan’s official foreign exchange reserves recorded an increase of $56 million during the past week, according to the State Bank of Pakistan (SBP).

Data released by the SBP shows that as of January 30, official reserves stood at $1.61572 billion, bringing the total value of official reserves to $2.13387 billion.

The State Bank also reported that commercial banks in the country hold reserves amounting to $518.15 million.

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