KARACHI: Pakistan’s foreign exchange reserves surged by $816 million or 3.35 percent in the week ended July 16, the central bank said.
The total liquid foreign reserves held by the country stood at $25.128 billion, compared with $24.312 billion in the previous week.
The State Bank of Pakistan received proceeds of $1.040 billion against Pakistan Euro Bonds. After accounting for external debt repayments, the reserves increased by $845 million to $18.050 billion.
The reserves of commercial banks stood at $7.077 billion, compared with $7.106 billion a week ago.