KARACHI: The total liquid foreign exchange reserves held by the country slightly rose to $17.300 billion from $17.295 billion, the central bank reported on Thursday.
However, the State Bank of Pakistan’s (SBP) foreign exchange reserves fell $85 million to $10.889 billion during the week ended April 17.
The foreign exchange reserves held by the SBP stood at $10.974 billion in the previous week.
“This decline is attributed to government external debt payments of $145 million,” the SBP said.
The forex reserves of commercial banks stood at $6.411 billion, compared with $6.320 billion in the previous week.
The central bank received $1.39 billion from the International Monetary Fund (IMF) under the Rapid Financing Instrument (RFI) to address the economic impact of the Covid-19 shock.
These funds will be part of SBP weekly reserves data as of 24-April-2020, to be released on 30-April-2020, the bank said.
Honda officials posing for a photgraph. —APP/FileKARACHI: Honda Atlas Cars Pakistan Ltd has achieved a major...
SOS children village's children showing bags donated by Emirates International Airlines. — Emirates...
Automobiles at the shipping terminal are shown from the view of a drone in San Diego, California, US, March 26, 2025....
Key challenge lies in whether the ruling elite is willing to implement changes that could weaken their grip on power
A woman holds a smartphone displaying the logo of social network X . — AFP/FileElon Musk said his xAI artificial...
A representational image of a person using his cellphone for a digital transaction. — Unsplash/FileKARACHI: Chief...
