FILE PHOTO: An employee counts U.S. dollar bills at a money exchange in central Cairo, Egypt, March 20, 2019. REUTERS/Mohamed Abd El Ghany
The foreign exchange reserves held by the State Bank of Pakistan (SBP) rose by $25 million on a weekly basis according to data issued by the central bank on Thursday.
On April 26, the foreign currency reserves held by the SBP were recorded at $8.006 billion, up $25 million compared to $7.981 billion on April 19.
Overall liquid foreign currency reserves held by the country, including net reserves held by banks other than the SBP, stood at $13.316 billion, up $36 million over the previous week. The net reserves held by banks stood at $5.310 billion, registering an increase of $11 million during the week.
It is pertinent to mention here that earlier this week, the central bank received the third and final tranche of $1.1 billion from the International Monetary Fund (IMF) under the $3 billion Stand-By Arrangement (SBA).
The inflow, received on April 30, is not reflected in the latest reserves update issued by the SBP. The next update is likely to see reserves near the $9 billion mark.
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