PHOTO AFP
KARACHI: Foreign exchange reserves held by the State Bank of Pakistan (SBP) increased 1.35% on a weekly basis, according to data released on Thursday.
On April 7, the foreign currency reserves held by the central bank were recorded at $16,688.2 million, increasing $222.1 million or 1.35%, compared to $16,466.1 million in the previous week, according to the central bank.
During the week, SBP received multilateral inflows of $317 million and made payments of $118 million on account of external debt servicing and other official payments.
SBP’s reserves fall 1.57%, amount to $16.466b
Total liquid foreign reserves held by the country, including net reserves held by banks other than the SBP, stood at $21,744.1 million. Net reserves held by banks amounted to $5,055.9 million.
Four weeks ago, the SBP received $200 million under the Coalition Support Fund (CSF) from the United States and made payments of $97 million on account of external debt servicing and other official payments.
Five weeks ago, the SBP received $350 million under the CSF and made payments of $62 million for external debt servicing.
In January, the SBP made loan repayment of $500 million to the State Administration of Foreign Exchange (SAFE), China.
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