Pakistan receives $1 billion loan from China; forex reserves rise to $24.415 billion

Pakistan receives $1 billion loan from China; forex reserves rise to $24.415 billion

KARACHI: Pakistan has received $1 billion as loan from China which helped the total foreign exchange reserves of the country rose to $24.415 billion by week ended July 02, 2021.

Pakistan also received an amount of $440 million loan from the World Bank during the week, the State Bank of Pakistan (SBP) said on Thursday.

The foreign exchange reserves of the country were at $23.297 billion by the week ended June 25, 2021.

The foreign exchange reserves of the State Bank increased by $1.112 billion to $17.231 billion by the week ended July 02, 2021 as compared with $16.119 billion a week ago.

The foreign exchange reserves held by the commercial banks witnessed an increase of $6 million to $7.184 billion by the week ended July 02, 2021 as compared with $7.178 billion a week ago.

Leave a Reply

You have to agree to the comment policy.