State Bank’s foreign exchange reserves increased by $ 55 million due to the Chinese commercial loan.
According to the State Bank of Pakistan, the total foreign exchange reserves of the country were $ 9.26 billion till February 24.
According to the State Bank, Pakistan received $ 70 million from China in the week ended February 24, of which the central bank’s foreign exchange reserves increased by $ 55 million after paying foreign loans.
State Bank says State Bank of Pakistan reserves stood at $ 3.81 billion while commercial banks’ reserves fell $ 42 million to $ 5.45 billion.
