Pakistan's foreign exchange reserves reach record $15.758 billion

Pakistan's foreign exchange reserves rose to a record 15.758 billion dollars in the week ending on July 21, up 112 million dollars from a week earlier.
According to the State Bank of Pakistan (SBP), reserves held by the SBP rose marginally to 13.392 billion dollars, from 13.389 billion dollars a week earlier, while those held by commercial banks jumped to 2.366 billion dollars from 2.257 billion dollars, private television reported.
Pakistan's foreign exchange reserves have grown steadily over the past few months because of rising foreign investment inflows and higher remittances from Pakistanis abroad.