KARACHI: Pakistan's foreign exchange reserves increased to $9.497 billion in the week ending October 25 as compared to $9.230 billion in the previous week, the State Bank of Pakistan (SBP) said in a statement issued here.
A breakup is given below:
RESERVES ($bns) |
Week ending Oct 25 |
Previous Week |
Change/pct |
Held by SBP |
4.299 |
4.086 |
5.21 |
Held by banks |
5.198 |
5.144 |
1.04 |
Total |
9.497 |
9.230 |
2.89 |
It is pertinent to note that the boost comes from a rise in workers remittances which jumped by 9 percent to $3.9 billion, during the first thee months of FY14, from $3.6 billion in the same period last year.