KARACHI: The State Bank of Pakistan’s (SBP) foreign exchange reserves have increased $132 million to $11,207 million from $11,075 million on a weekly basis, ending on February 27, reflecting a growth of 1.2%.
According to data released by the central bank, the figure includes disbursement of $51 million from the International Development Association.
Total liquid foreign reserves held by the country, including net reserves held by banks other than the SBP, currently stand at $16,136.6 million while net foreign reserves held by banks amounted to $4,929.4 million.
Reserves are likely to increase further soon because of the $550 million tranche approval from the International Monetary Fund (IMF).
Pakistan’s foreign exchange reserves recorded a rapid rise in the last month of 2014 when the SBP received $1,221 million from multilateral, bilateral and other sources.
