KARACHI: Pakistan’s foreign exchange reserves swelled owing to the loan tranches of $410 million from Asian Development Bank (ADB) and World Bank (WB), Geo News reported Thursday.
Talking to Geo News, the spokesman of State Bank of Pakistan (SBP) Syed Wasimud Din said the national forex reserves surged to the level of $14.74 billion with an addition of $257.7 million within the week ending on October 3.
Of these reserves, the central bank has $11.16 billion and commercial banks have $3.58 billion.
Syed Wasim said Pakistan received tranches of a total of $410 billion from Asian Development Bank (ADB) and World Bank (WB) in the last trading week.
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