SBP reserves increase by $1.103bn to $8.799bn

09 Sep, 2022

KARACHI: The total liquid foreign exchange reserves held by the State Bank of Pakistan increased by $1.103 billion to $8.799 billion during the week ended on September 2, 2022.

The State Bank of Pakistan (SBP) on Thursday said that it received $1.166 billion from the IMF under its EFF programme. After accounting for external debt and other payments, the SBP reserves increased by $1.103 billion to $8.799 billion.

The total liquid foreign exchange reserves held by the country stood at $14.473 billion as of September 2. Net foreign reserves held by commercial banks stood at $5.673 billion at the end of the week.

Copyright Business Recorder, 2022

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