Pakistan's foreign exchange reserves rise

PAKISTAN - Pakistan's liquid foreign reserves rose to $3,433.9 million on 20 October from $3,351.3 million a week earlier, according to the State Bank of Pakistan.

The bank has not given any reason for the rise, but one foreign exchange dealer attributed the rise to remittances sent by Pakistanis working abroad.

The break-up of the foreign reserves position is: foreign reserves held by the State Bank of Pakistan: $1,851.0 million; foreign reserves held by banks (other than SBP): $1,582,9

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