Forex reserves move up by $282m

The country's liquid foreign exchange reserves increased by $282 million during last week.

According to State Bank of Pakistan (SBP), total liquid foreign exchange reserves held by the country stood at $18.645 billion as on January 31, 2020 compared to $18.363 billion on Jan 24, 2020.

During the week under review, with an increase of $359 million, the SBP's reserves reach above $12 billion. The SBP's reserves rose to $12.274 billion at the end of last week up from $11.915 billion a week earlier.

However, reserves held by banks fell by $77 million to $ 6.371 billion.