SBP’s forex reserves jump by $1.181 bn

• The total liquid foreign reserves held by the country stood at US$ 18,463.0 million as on April 24, as net foreign reserves held by the commercial banks stood at $6.392 billion.
• SBP has also made government external debt repayments amounting to US$ 234 million.

ISLAMABAD: Foreign Exchange Reserves held by State Bank of Pakistan (SBP) increased by US$1.181 billion to $12.07 billion.

The total liquid foreign reserves held by the country stood at US$ 18,463.0 million as on April 24, as net foreign reserves held by the commercial banks stood at $6.392 billion, a press release issued by the SBP said on Thursday.

The statement added that the SBP received US$1.39 billion from International Monetary Fund (IMF) under the Rapid Financing Instrument (RFI) to address the economic impact of the Covid-19 shock.

SBP has also made government external debt repayments amounting to US$ 234 million.