KARACHI, Pakistan- Pakistan's foreign exchange reserves increase $558 million to $12,740.5 million in the week ending Nov 6, compared to $12,182.6 million in the previous week, central bank said on Thursday.
RESERVES Week ending Previous Week Change/pct ($ billions) Nov 6 Held by the State $12,740.5 mln $12,182.6 mln 4.5 Bank of Pakistan
Held by $7,166.4 mln $7,171.0 mln 0.06 commercial banks
Total $19,906.9 mln $19,353.6 mln 2.8
During week ending November 6, State Bank reserves increased by $558 million, central bank statement said on Thursday.
The increase in reserves is mainly attributed to receipt of $500 million as Government of Pakistan loan proceeds, State bank said.
(Reporting by Syed Raza Hassan) ((raza.hassan@thomsonreuters.com;))
