SBP reserves jump up to $10.1bn

NEWS (21)

KARACHI: In a statement released, the State Bank of Pakistan (SBP) announced that the foreign currency reserves held by the bank have jumped up by $11million and were recorded at $10.1 billion.

In the past week, the reserves held by the central bank were recorded at $10.0958 billion

The liquid foreign currency reserves of Pakistan was recorded over $16.7 billion, including net reserves held by banks other than the SBP.

In the past year, the International Monetary Fund (IMF) granted two loan tranches worth $991.4 million and $454 million respectively.

In addition, $2.5 billion in inflows from China were recorded that increased the reserves.

The central bank also made a successful foreign debt repayment of over $1 billion on the maturity of Sukuk.

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