The foreign exchange reserves held by the State Bank of Pakistan (SBP) posted an increase of $24 million on a weekly basis according to data issued by the central bank on Thursday.
According to the latest data released by SBP, on September 20, the foreign currency reserves held by the SBP were recorded at $9.53 billion, up $24 million compared to $9.51 billion on September 13.
Overall liquid foreign currency reserves held by the country, including net reserves held by banks other than the SBP, stood at $14.873 billion, up 47 million over the previous week.
The net reserves held by banks were recorded at $5.34 billion, registering an increase of $23 million during the week.
#IMF spokesperson said that we did not ask #Pakistan to get a commercial
#loan from a #bank at an interest rate of 11% & such financing is not
necessary for programme financing assurances….thats how State Bank of Pakistan reserves are going up!!! #SBP
Our Eastern neighbour’s forex reserves are only about 70 times more than ours. No worries.