KARACHI: Foreign exchange reserves held by the State Bank of Pakistan (SBP) recorded an increase of Rs 41 million on April 11, according to data released by the State Bank of Pakistan.
SBP’s foreign exchange reserves increased by 0.82 per cent to $ 4.984 billion during the week.
Total liquid foreign reserves held by the country, including net foreign reserves held by banks other than the SBP, stood at $ 9.85 billion on April 11, up 1.44% from the figure reported for the previous week. Net foreign reserves held by banks amounted to $ 4.86 billion on April 11.
The third loan tranche of $540 million for Pakistan under Extended Fund Facility has been approved by the executive board of International Monetary Fund on March 24. It will support the foreign exchange reserves position in coming weeks.
