Snapping one of its most unnerving losing streaks in years, foreign exchange reserves held by the State Bank of Pakistan (SBP) increased by $258 million to $4.601 billion, the central bank said.
According to an SBP statement, total liquid foreign reserves held by the country stood at $10.44 billion, whereas net foreign reserves with commercial banks stood at $5.84 billion.
The SBP reserves have finally bucked the trend after a decline of $3.6 billion during the last 8 weeks, Arif Habib Ltd said in a note.
SBP-held forex reserves have plunged to the lowest level since February 2014 after a decline of 22.11%.
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