Pakistan’s foreign exchange reserves increase by $401 million to $20.836 billion

Pakistan’s foreign exchange reserves increase by $401 million to $20.836 billion

KARACHI: The liquid foreign exchange reserves of the country increased by $401 million to $20.836 billion by week ended March 26, 2021, State Bank of Pakistan (SBP) said on Thursday.

The foreign exchange reserves of the country were at $20.435 billion by week ended March 19, 2021.

The official reserves of the SBP also increased by $378 million to $13.673 billion by week ended March 26, 2021 as compared with $13.295 billion a week ago.

During the week the SBP received $498.7 million from IMF under EFF program; after accounting for external debt repayments, the official reserves of the central bank increased by $378 million.

The foreign exchange reserves held by the commercial banks increased by $23 million to $7.163 billion by week ended March 26, 2021 as compared with $7.14 billion a week ago.

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