KARACHI: Pakistan’s total liquid foreign reserves jacked up to US$ 16.195 billion as SBP received proceeds of China Development Bank’s loan.
State Bank of Pakistan, in a statement issued here on Thursday, stated that the total liquid foreign reserves held by the country stood at US$ 16, 195.6 million as of 24 June 2022.
“SBP received proceeds of CDB loan amounting to RMB 15 billion and after accounting for external debt repayment, SBP’s reserves increased by US$ 2, 071 million to US$ 10, 309.0 million, ” it said adding that net foreign reserves held by commercial banks stood at US$ 5, 886.6 million.
In the previous week ended on June 17, total liquid foreign reserves hold by the country were US$ 14, 210.4 million. Among them foreign reserves held by the State Bank of Pakistan were US$ 8, 237.7 million while net foreign reserves held by commercial banks were US$ 5, 972.7 million.