State Bank of Pakistan (SBP) reserves are reported to have reached US$ 12.2 billion mark after an increase of US$ 61 million.
As per details, SBP’s foreign currency reserves stand at US$ 12.2 billion after an increase of US$ 61 million.
The foreign exchange reserves of SBP have witnessed an increase of 0.5 per cent on a weekly basis.
Meanwhile, the total liquid foreign currency reserves of the country, including that held by other banks than SBP, stand at US$ 19.353 billion.
It is to be noted that Pakistan received its first International Monetary Fund (IMF) loan payment amounting to US$ 991.4 million in July 2019 last year, followed by second loan payment amounting to US$ 454 million in December 2019.
Prior to this, country’s foreign currency reserves reached US$ 2.5 billion mark due to significant inflows from China.
Pakistan’s foreign exchange reserves surpassed US$ 10 billion mark in December, primarily due to US$ 1.3 billion loan from Asian Development Bank (ADB).
