The foreign exchange reserves of the country have increased by $252 million by the week ending April 10.
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.
Stay Connected with ProPakistani
Get the latest business news, market insights, and economic updates wherever you prefer.
Add ProPakistani to Preferred Sources and see more of our stories in Google Search and Top Stories.
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,