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Pakistan forex reserves stand at $11,753.8mn

Pakistan forex reserves stand at $11,753.8mn

According to State Bank of Pakistan (SBP) the liquid foreign reserves in its vaults are worth $7,010.0 million, whereas commercial banks have $4,743.8 million.

During the week ending April 18, SBP’s liquid foreign exchange reserves increased by $2,026 million to $7,010 million compared to $4,984 million in the previous week.

The central bank held reserves got a boost after Pakistan received $2 billion from –the issuance of– Sovereign Bonds in International Capital Market and $139 million from the Islamic Development Bank respectively.

On account of external debt servicing and other official payments, SBP made payments worth $96 million from its reserves during the week under review

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