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KARACHI: The State Bank of Pakistan’s foreign exchanges reserves rose by $ 378 million due to release of Extended Fund Facility (EFF) tranche by the International Monetary Fund (IMF).

As per weekly FX report issued by the SBP Thursday, during the week ended March 26, 2021, the SBP received $ 498.7 million from the IMF under EFF program; after accounting for external debt repayments, the SBP reserves increased by $ 378 million.

With the arrival of the IMF inflows, the SBP’s foreign exchange reserves reached 39-month high level of $13.67 billion at the end of the last week.

The country’s total liquid foreign exchange reserves increased by $ 402 million to $20.836 billion.

Reserves held by banks rose by $ 24 million to $ 7.16 billion.

Copyright Business Recorder, 2021