Pakistan's reserves of hard currency rise to $20.45bn

Pakistan's reserves of hard currency have risen to $ 20.45 billion, Central Bank of Pakistan announced today.

PCB said in a press release that the current rise in Pakistan's reserves of hard currency is attributed to several factors, including higher revenues of Pakistanis living abroad and the new financial amounts that Pakistan has received from donors, most recently were $ 500 million from the World Bank, and $ 400 million from Asian Development Bank.

The statement added that there are currently $ 15.5 billion as assets at the Central Bank of Pakistan and $ 4.95 billion at the commercial banks in Pakistan.