KARACHI: The total liquid foreign reserves of the country have reached $17,717.6 million on the week ended on April 24, while net reserves held by banks amounted to $5,152.5 million.
According to data released by the central bank, the State Bank of Pakistan’s (SBP) reserves increased 1.6% or $201 million to $12,565 million as compared to $12,364 million in the previous week.
Last week, foreign exchange reserves held by the SBP increased 5.1% mainly because of the receipt of HBL privatisation proceeds.
Reserves went up by almost 4% two weeks ago following the receipt of $538 million from multilateral, bilateral and other sources, including $498 million received from the IMF. They increased significantly in February when the SBP received $717 million on account of the Coalition Support Fund (CSF).
