KARACHI: The State Bank of Pakistan’s (SBP) total foreign exchange reserves surged by 1.1% or $174 million to $15,515 million ($15.5 billion) on week ended February 12 as compared to $15,341 million in the previous week.
According to data released by the central bank, the country’s total liquid foreign reserves stood at $20,387.9 million while net reserves held by banks amounted to $4,873.1 million.
Last month, foreign exchange reserves held by the SBP increased 3.5% on a weekly basis after it received $500 million from the IMF. The SBP received $918 million in November from multilateral, bilateral and other official sources, which include $500 million received from the World Bank and $400 million from the Asian Development Bank.
