State Bank of Pakistan Records High Jump in Foreign Reserves Hits $11.5 Billion From $14 Million

According to the data shared by the SBP, net reserves of the central bank of Pakistan increased by 14 million dollars to 11.50 billion dollars during the week ending December 03.

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The data shared by the central bank of Pakistan claimed that the total foreign reserves of Pakistan stood at 18.84 billion dollars.

The break-up of the foreign reserves position is as under:

Foreign reserves held by the State Bank of Pakistan: $11.50 billion

Net foreign reserves held by commercial banks: $6.58 billion

Total liquid foreign reserves: $18.084billion

It is worth mentioning here that at the starting of the current year on January 2, the net reserves of the State Bank of Pakistan increased by 582 million dollars to 11.48 billion dollars during the week ending December 27.

Back on December 26, 2018, the State Bank of Pakistan had received 452.4 million dollars on as a second tranche of the 6 billion dollars Extended Fund Facility from the International Monetary Fund (IMF).

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