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

Exploring Kalabagh: The Historic City in Mianwali District

Kalabagh, a small yet historically significant town in Pakistan’s Punjab province, is located within the…

11 hours ago

Nazimabad Number 2: A Well-Known Residential Area in Karachi

Nazimabad Number 2 is a well-known neighbourhood in Karachi, Pakistan, renowned for its vibrant community,…

1 day ago

A Guide to Quetta Town in Karachi

Quetta Town is a residential neighbourhood located in the vibrant city of Karachi, Pakistan. Known…

2 days ago

Akbar Chowk Lahore: A Focal Point of Connectivity

Akbar Chowk in Lahore stands as one of the city’s most critical intersections, serving as…

3 days ago

A Guide to Khuda Baksh Colony Lahore

Khuda Baksh Colony, located near Bhatta Chowk in Lahore, is a rapidly developing residential area…

4 days ago

Gol Market Karachi: A Vibrant Commercial Hub

Gol Market in Karachi is one of the city's most iconic and bustling commercial centres.…

2 weeks ago