SBP reserves soar $384m to $16.4b

KARACHI: According to data released by the State Bank of Pakistan (SBP) on Thursday, the foreign exchange reserves increased by 2.39% on a weekly basis. 

invest with imarat

Islamabad’s emerging city centre

Learn More

As per details, the reserves held by the central bank on April 23 were $16,427.8 million compared to $16,043.9 million last week. The reserves increased by $384 million. The SBP did not give any formal explanation for the rise in foreign reserves. 

The net reserves held by the SBP add up to $7,092.4 million. The total reserves (held by SBP and other banks) and overall liquid foreign currency reserves stood at $23,520.2 million. 

On July 9, 2019, Pakistan received a $991.4 million loan from the International Monetary Fund (IMF) which jumped the reserves. In late December 2019, another loan of $454 million was received. 

 

For more news, visit Graana.com 

Maham Tahir

Recent Posts

A Guide to Quetta Town in Karachi

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

13 hours 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…

1 day ago

A Guide to Khuda Baksh Colony Lahore

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

2 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

Model Town Gujranwala: A Well Planned Residential Area

Model Town, located in the heart of Gujranwala, is one of the city’s most prestigious…

2 weeks ago

Senate Greenlights Special Courts for Swift Resolution of Overseas Pakistanis’ Property Cases

ISLAMABAD, Pakistan— In a major move to address the longstanding grievances of overseas Pakistanis, the…

2 weeks ago