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Pakistan’s Forex Reserves Increase By $252 Million

The foreign exchange reserves of the country have increased by $252 million by the week ending April 10.

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According to the State Bank of Pakistan (SBP), the country received official inflows that could be attributed to loans and aids related with Covid-19 combat program.

Last month, the reserves had been unabatedly depleted by nearly $2 billion which exerted pressure on Rupee depreciating it sharply against Dollar.

The total liquid foreign reserves held by the country stood at $17.295.5 billion till April-10. The foreign reserves held by the State Bank of Pakistan stand at $10.974 billion whereas the net foreign reserves held by commercial banks stand at $6.320 billion.

It is likely that the country will receive more aid or loans from different agencies in the next few weeks.

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  • Misleading headline. When you read the newspiece then infact we come to know that our Forex Reserves decreased by 2 Billion US Dollars. Even after adding that 250 Billion our forex reserves registered a loss of more 1.6 Billion within a month.

    So there was no increase in this month at all. Please stop manipulating the news and start spreading the truth,

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