January 27, 2023

Foreign exchange reserves held by the State Bank of Pakistan (SBP) have surged 14.3 percent on weekly basis due to the receipt of a $1.1 billion loan tranche from the IMF. The data highlights that the forex reserves recorded at $8.8 billion on 2nd September 2022.

The overall liquid forex reserves held by Pakistan have increased to $14.47 billion from $13.40 billion in a week. The central bank said that the IMF loan tranche of $1.1 billion will help in improving the country’s foreign exchange reserves scenario.

Pakistan’s foreign exchange reserves have fallen since February as foreign exchange inflows have been outpaced by outflows, according to the latest figures from the Pakistan Bureau of Foreign Exchange (PBoE) published on Thursday.

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