SBP-held forex reserves maintain uptrend

The central bank said that its foreign exchange reserves increased by $280 million to $4.6 billion as of the week ended March 17. The net forex reserves held by commercial banks stand at $5,540.5 million, $941.8 million more than the SBP, bringing the total liquid foreign exchange reserves of the country to $10,139.2 million, the statement mentioned. Pakistan received $500 million from the Industrial and Commercial Bank of China (ICBC) which boosted the foreign exchange reserves held by the central bank.