KARACHI: The State Bank of Pakistan’s (SBP) foreign exchange reserves have surged by 13.4% in a week ended October 2.
According to data released by the SBP, the bank’s foreign exchange reserves increased by $1,794 million to $15,202 million compared to $13,408 million in the preceding week.
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During the week, the SBP received $505 million from the International Monetary Fund (IMF), $500 million as proceeds of the Pakistan International Bonds, $376 million under the Coalition Support Fund (CSF) and $263 million as syndicate financing for the government of Pakistan.
Total liquid foreign reserves held by the country, including net reserves held by banks other than the SBP, stood at $20,054.2 million while net reserves held by banks amounted to $4,852.2 million.
