ISLAMABAD: The foreign exchange reserves of the State Bank of Pakistan (SBP) surpassed the $16bn mark after floating the Eurobonds.
According to the details, SBP floated Eurobonds worth $2.5bn and received the proceeds which resulted in the increase in reserves.
The net foreign reserves held by the central bank stood at $7,152.2mn whereas the net reserves including commercial banks amounted to $20,679.4mn.
Earlier on 2nd April, the net reserves held by SBP stood at $13,527.2mn after the payment of external debts.
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