The foreign exchange reserves rose by a marginal $9 million to $16.107 billion in the week ending November 24, said the State Bank of Pakistan (SBP) on Thursday. Reserves held by the State Bank of Pakistan fell to $13.896 billion from $13.914 billion a week earlier, while those held by commercial banks were up to $2.211 billion from $2.184 billion, the SBP said in a statement.
The foreign exchange reserves have grown steadily over the past few months because of rising foreign investment inflows and higher remittances from the expatriates.
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