KARACHI: The country’s total foreign exchange reserves, including net reserves held by banks other than the SBP, stood at $16,706.3 million while net foreign reserves held by banks amounted to $5,089.8 million.
According to data released by the central bank, the State Bank of Pakistan’s (SBP) reserves increased 3.99% on a weekly basis on April 3. The SBP’s liquid foreign exchange reserves increased by $494 million to $11,617 million compared to $11,123 million in the previous week. The increase in reserves is mainly attributed to receipts of $538 million from multilateral, bilateral and other sources, including $498 million from the IMF.
During the week, the SBP made payments of $70 million on account of external debt servicing and other official payments. Reserves went up significantly in February when the SBP received $717 million on account of Coalition Support Fund (CSF).
