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KARACHI: The State Bank of Pakistan’s (SBP) foreign exchange reserves decreased by $278 million to $8.56 billion during the week ended March 22 on account of external debt servicing and other official payments.
However, in the current week the central bank’s reserves soared to $10.67bn following the receipt of $2.2bn loan from China.
Inflows from China, Saudi Arabia and the UAE have increased the SBP reserves.
The country’s overall forex holding stood at $17.5bn as of March 25.
The government is also engaged with the IMF to secure a bailout programme, which is likely to materialise in the coming month.
Published in Dawn, March 29th, 2019
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Mar 29, 2019 09:59am
Wow great News, But hopefully its not like Getting Personal Loan from Bank & keeping it in Savings Account.
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