Pakistan Comes Out Of Corona Impact, Setting Economic Records

• In a week between February 19 and February 26, the country’s foreign exchange reserves saw a huge increase.
• According to the SBP, the central bank’s reserves increased by  69.7 million to  12.97 billion during the period.
• n the interbank market, the dollar rose by 3 paise to close at Rs 157.16, while in the open currency market.

Country’s foreign exchange reserves

The country’s foreign exchange reserves have increased by  91.9 million in one week.

According to the report of the news agency, in a week between February 19 and February 26, the country’s foreign exchange reserves saw a huge increase.

According to data released by the State Bank of Pakistan, foreign exchange reserves have risen by  91.9 million to 20.13 billion in the past one week.

Interbank closing #ExchangeRate for today: https://t.co/rhy5GGVobU pic.twitter.com/Od7gBsmblb

— SBP (@StateBank_Pak) March 4, 2021

According to the SBP, the central bank’s reserves increased by  69.7 million to  12.97 billion during the period, while the reserves of commercial banks increased by 22.2 million to  7.15 billion.

On the other hand, the rupee continued to depreciate against the rupee in both the foreign exchange markets on Thursday.

In the interbank market, the dollar rose by 3 paise to close at Rs 157.16, while in the open currency market, the dollar rose by 15 paise to close at Rs 157.50.

Also checkout: Pakistan Comes Out Of Corona Impact, Setting Economic Records

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