Pak forex reserves improve by $108.5 mln

KARACHI: Pakistan’s foreign exchange reserves have recorded an increase of 108.5 million dollars and stood at 10.11 billion dollars on the week ended March 14.

According to State Bank of Pakistan, of the totals reserves SBP holds 6.68 billion dollars while 3.47 billion dollars are with commercial banks.

The experts attribute improvement in the country’s foreign exchange reserves to the reduction in exports and rise in foreign remittances.