Pakistan's forex reserves rise to dlr 13.788 bln
Pakistan's foreign exchange reserves rose by $10 million to $13.788 billion in the week ending on June 2.
KARACHI: Pakistan's foreign exchange reserves rose by $10 million to $13.788 billion in the week ending on June 2, the central bank said on Friday.
Reserves held by the State Bank of Pakistan rose to $11.588 billion, from $11.578 billion a week earlier, while those held by commercial banks were unchanged at $2.20 billion, the central bank said in a statement.
Pakistan's foreign exchange reserves have grown steadily over the past few months because of rising foreign investment inflows and higher remittances from Pakistanis abroad.
According to central bank data, Pakistan received a record $4.45 billion from overseas workers' remittances during the July-April period, up 22.6 percent from the year-ago period.
The reserves hit an all-time high of $13.793 billion in the week ending on May 19.
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