SBP reserves jump up to $10.1bn

KARACHI: In a statement released, the State Bank of Pakistan (SBP) announced that the foreign currency reserves held by the bank have jumped up by $11million and were recorded at $10.1 billion.

invest with imarat

Islamabad’s emerging city centre

Learn More

In the past week, the reserves held by the central bank were recorded at $10.0958 billion

The liquid foreign currency reserves of Pakistan was recorded over $16.7 billion, including net reserves held by banks other than the SBP.

In the past year, the International Monetary Fund (IMF) granted two loan tranches worth $991.4 million and $454 million respectively.

In addition, $2.5 billion in inflows from China were recorded that increased the reserves.

The central bank also made a successful foreign debt repayment of over $1 billion on the maturity of Sukuk.

For news and blogs, visit Graana.com. 

Maham Tahir

Recent Posts

Rent Over Ownership: Melbourne Leads a New Housing Trend

MELBOURNE — A new analysis by Deluxe Holiday Homes has highlighted significant shifts in Melbourne's…

2 hours ago

Fire Engulfs Ski Resort Hotel in Türkiye, Leaving 10 Dead and 32 Injured

ANKARA — A devastating fire at the Kartalkaya ski resort in northern Türkiye claimed the…

1 day ago

Vietnam’s Real Estate Market Braces for Growth in 2025

As Vietnam heads into 2025, the real estate market presents a dynamic mix of challenges…

1 day ago

Dubai’s Secondary Housing Market Set for Strong Growth in 2025

Dubai’s secondary housing market is predicted to see robust growth in 2025, with demand for…

1 day ago

California’s Wildfires Spark an Unforeseen Housing Crunch in Los Angeles

As Los Angeles County grapples with the aftermath of some of the most destructive fires…

1 day ago

CDA Launches New Plant Relocation Initiative

On Friday, Azam Nazeer Tarar, the Minister for Law and Justice, informed the Senate that…

2 days ago