The foreign exchange reserves held by the State Bank of Pakistan (SBP) rose by $243 million on a weekly basis according to data issued by the central bank on Thursday.
On January 19, the foreign currency reserves held by the SBP were recorded at $8.27 billion, up $243 million compared to $8.027 billion on January 12.
In a statement, the central bank highlighted that it received the second International Monetary Fund (IMF) tranche of $705 million under the $3 billion Stand-By Arrangement (SBA) and executed government’s external debt repayments.
Overall liquid foreign currency reserves held by the country, including net reserves held by banks other than the SBP, stood at $13.341 billion, up $196 million over the previous week. The net reserves held by banks stood at $5.071 billion, registering a decrease of $47 million during the week.
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