MUMBAI: Country’s foreign exchange reserves rose by $920.6 million to $355.353 billion in the week to August 21, on account of higher foreign currency assets.
In the previous reporting week, the reserves had increased by a healthy $1.086 billion to touch $354.433 billion. The reserves had touched an all-time high of $355.46 billion in the week to June 19.
Foreign currency assets (FCAs), a major component of overall reserves, were up by $894.3 billion to $331.731 billion in the reporting week, according to the latest Reserve Bank data.
Pakistan’s foreign exchange reserves are around $18.6 billion which, we our government is claiming to be the highest in the history of Pakistan. Earlier in July 2008, the record of highest reserves was $18.2 billion in Pakistan.
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