Pakistan’s Forex reserves increased to $15.5bn

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Pakistan’s Forex reserves increased to $15.5bn

As per State Bank of Pakistan’s release, Pakistan’s Foreign Exchange Reserves has increased by $557million to $15.577 billion at week ending 9th August 2019. The prime reason for an increase in foreign exchange reserves is healthy inflows of Foreign Remittance owing to Eid Season. Moreover, Import activities remain subdued owing to week-long business holidays leading to weak forex demand in the market.

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