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

Lahore’s Central Business District Completes PKR 9 Billion Smart Road Project

Lahore, April 23, 2025 – The city of Lahore has successfully completed the construction of…

23 hours ago

Chaaye Khana Unveils First-Ever Rooftop Outlet at Amazon Mall with Panoramic Views

ISLAMABAD, Pakistan – April 23, 2025 – Chaaye Khana, Pakistan's popular cafe renowned for its…

3 days ago

PM Shehbaz Inaugurates Murree Road Underpass Project

ISLAMABAD: Prime Minister Shehbaz Sharif laid the foundation stone for the Murree Road underpass on…

3 days ago

Pakistan Emerges as Prime Investment Destination, Say Real Estate Developers at Dubai Property Show

DUBAI: Pakistani real estate developers and representatives showcased a range of commercial and residential investment…

4 days ago

CDA to Transform Park Road Nursery Under Rs652 Million Gardenia Hub Project

ISLAMABAD: Capital Development Authority (CDA) is currently undertaking a major Rs652 million project to upgrade…

1 week ago

Citywide Anti-Encroachment Drive to Begin in Karachi

Karachi – Mayor Barrister Murtaza Wahab has announced the launch of a citywide anti-encroachment operation…

1 week ago