The central bank’s foreign reserves rose by $25 million to $8,006 million during the week under review, according to a statement released by the SBP here on Thursday.
It also stated that commercial banks reported holding $5,310 million in net foreign reserves. As of the previous week, which ended on April 19, 2024, the nation had $13,280.5 million in total liquid foreign reserves.
Among them, the central bank had foreign reserves of $7,981.2 million, while commercial banks had net foreign reserves of $5,299.3 million.
According to the State Bank of Pakistan (SBP), Pakistan got the much expected $1.1 billion last payment from the International Monetary Fund (IMF) as part of the $3 billion standby agreement on Tuesday.
The Special Drawing Rights (SDR) 828 million, or $1.1 billion in worth, were given to the SBP “after the successful completion of the second review by the Executive Board of IMF under Stand By Arrangement (SBA),” according to the SBP.
According to the central bank, the payment will show up in SBP reserves for the week that ends on May 3, 2024.
