Drastic Increase In Pakistan’s Foreign Exchange Reserves

The central bank’s reserves have increased after receiving $300 million in commercial loans from China.

According to State Bank’s weekly foreign exchange report, China received $300 million in commercial loans till April 14.

Also, Read:  Pakistan placed its first order of Russian subsidized oil

Due to this the reserves of the State Bank have exceeded 4 billion 43 million dollars after an increase of 394 million dollars.

The deposits of commercial banks became 5 billion 532 million dollars with an increase of 6 million dollars, while the total domestic reserves became 9 billion 964 million dollars after an increase of 400 million dollars.