KARACHI: The State Bank of Pakistan (SBP)’s foreign exchange reserves jumped by $61 million to clock in at $4.52 billion during the week ended July 7, official data shows.
The reserves didn’t include the $4.2bn inflows the State Bank received earlier this week from the International Monetary Fund (IMF) and two countries. Adding those inflows will take the bank’s reserves to $8.7bn, close to a level they were last seen in October.
The central bank, during the current week, received an inflow of $2bn from the Kingdom of Saudi Arabia (KSA), $1bn from the United Arab Emirates (UAE), and around $1.2 billion from the IMF. These inflows will be reflected in SBP’s FX reserves for the week ending on 14-Jul-2023.
The country’s total reserves have now jumped to $9.84bn, as the holdings of commercial banks have also slightly gone up to $5.31bn.
