Pakistan's foreign exchange reserves jump to $12.492 billion

Pakistan's foreign exchange reserves have jumped to 12.492 billion dollars mostly because of sale of Eurobond.
The State Bank on Thursday said that the country's reserves reached 12.492 billion dollars with SBP's forex reserves of Rs 10.843 billion.
The reserves of commercial banks were at 1.649 billion dollars. The reason for sudden jump was the inflow of 500 million dollars against the sale of Eurobond.
With the inflow of this big chunk of dollars, the country is heading towards net forex reserves of 13 billion dollars, which it might reach by the end of this fiscal year.