Forex funds increased $11.489 billion from $10.907 billion  

KARACHI: The State Bank of Pakistan’s (SBP) foreign exchange funds reached $11.489 billion from $10.907 billion due to better economic policies.

According to a statement issued by SBP, “The SBP reserves improved by $582 billion to $11,489.4 million.”

According to the central bank “These raises are credited to mutual and polygonal inflows, including profits of $452.4 million received from the International Monetary Fund (IMF) under Extended Fund Facility (EFF) plan.”

After adding up, the total liquid foreign exchange capital held by the country ended up at $18.081 billion from $17.595 billion. on the other hand, the forex reserves held by commercial banks fell to $6.592 billion, compared with $6.687 billion in the last week.