Foreign Exchange: SBP reserves rise $70m to $12.98 Billion

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KARACHI: The foreign exchange reserves held by the central bank rose 0.54% on a weekly basis, according to data released by the State Bank of Pakistan (SBP) on Thursday.

On February 26, the foreign currency reserves held by the SBP were recorded at $12,978.4 million, up $70 million compared with $12,908.7 million in the previous week.

According to the central bank, the rise came on the back of official inflows of the government.

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