KARACHI: With the arrival of foreign inflows, the country’s total liquid foreign exchange reserves rose by $1.636 billion during last week. According to weekly report issued by the State Bank of Pakistan (SBP), the country’s total liquid foreign exchange reserves stood at $ 23.721 billion as of February 4, 2022 compared to $ 22.048 billion as of Jan 28, 2022.

During the week under review, Pakistan received foreign inflows amounted to $ 1.053 billion from IMF under EFF program and some $1 billion as proceeds against issuance of Pakistan International Sukuk Bond in the international market.

SBP-held foreign exchange reserves jump by $1.61bn, now stand at $17.34bn

After accounting for external debt and other payments, SBP’s foreign exchange reserves increased by $ 1.609 billion to reach $ 17.337 billion up from $ 15.728 billion. In addition, reserves held by the banks rose by $27 million to $ 6.384billion end of the last week.

Copyright Business Recorder, 2022