Pakistan records increase in foreign exchange reserves by $111m
“An increase of $111million has been recorded in the country's total foreign exchange reserves., the country's total foreign exchange reserves increased by $111 million, after which the total reserves …”
The central bank's foreign exchange reserves have recorded an increase of $40 million, after which the reserves increased to $21.56 billion., the reserves of commercial banks also increased by $71 million, after which they reached the level of $5.3 billion.
Meanwhile, Pakistani rupee continued its upward movement against the US dollar on Thursday, with the greenback losing another three paisa in the interbank market., the US dollar closed at Rs276.67 against the local currency on the fourth trading day of the business week, compared with the previous closing rate of Rs276.70.
The latest decline of three paisa reflected a marginal improvement in the rupee's value, extending its recent stability in the interbank foreign exchange market. The movement indicates that the dollar remained under slight downward pressure during the trading session, although the change was relatively modest.
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