Pakistan's Forex Reserves Increase by USD 1,162.70 Million

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MG News | April 30, 2020 at 06:00 PM GMT+05:00

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April 30, 2020 (MLN): Pakistan's Forex Reserves increased by USD 1,162.70 Million or 6.72% and the total liquid foreign reserves held by the country stood at USD 18,463.00 Million on Apr 24, 2020.

According to data published by the State Bank of Pakistan (SBP) its reserves increased by USD 1,181.10 Million .

Summary of Holding and Weekly Change
Foreign reserves held by Apr 24, 2020 Apr 17, 2020 Change % Change
State Bank of Pakistan 12,070.30 10,889.20 1181.10 10.85%
Net Foreign Reserves Held by Banks 6,392.70 6,411.10 -18.40 -0.29%
Total Liquid Foreign Reserves 18,463.00 17,300.30 1162.70 6.72%

Amount in USD Million

SBP received US$1.39 billion from IMF under the Rapid Financing Instrument (RFI) to address the economic impact of the Covid-19 shock. SBP has also made government external debt repayments amounting to US$ 234 million. Overall, during the week, SBP reserves increased by US$ 1,181 million to US$ 12,070.3 million.

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