KARACHI: Foreign exchange reserves held by the State Bank of Pakistan (SBP) recorded a week-on-week increase of 6% on June 20 mainly on the back of privatisation proceeds, according to data released by the SBP.
The central bank’s foreign exchange reserves increased $521 million to $9,190 million compared to $8,669 million in the previous week. During the week, the SBP received inflows from multilateral and bilateral sources amounting to $258 million, including $230 million from the World Bank. The SBP also received flows of over $300 million on account of privatisation proceeds. During the week ending June 20, the SBP made payments of $232 million from its reserves on account of external debt servicing, which includes $57 million to the International Monetary Fund (IMF).
You might also like
Total liquid foreign reserves held by the country, including net foreign reserves held by banks other than the SBP, stood at $14,263.5 million.
