Page 9 · Business

SBP reserves up $66m

KARACHI: Foreign exchange reserves ofthe State Bank of Pakistan (SBP) rose by $66 million to $17.147 billion during the week ended on May 22, reaching close to the $18bn target by the end of June.The central bank on Friday announced that the country’s overall liguidforeignreserves stood at $22.646bn during the week under review, including $5.499bn held by the commercial banks.

-Staff Reporter