SBP’s foreign exchange reserves witness increase of $157m
According to the SBP statement, the reserved surged by $157 million to reach $12,430.8 million as compared to $12,273.7 million in the previous week.
The reserves held by banks other than the SBP stood at $6,304.6 million with a decrease $66.2 million. The reserves held by banks last week were recorded at $6,370.8 million.
As a whole, Pakistan’s reserves held by the SBP and other banks increased to $18,735.4, registering a rise of $90.9 million.
Earlier, Pakistan received the first installment of $991.4 million loan on July 9, 2019.
In December last year, the IMF issued the second installment of around $454 million, bolstering the foreign exchange reserves.