Pakistan’s Foreign Reserves Reach $16bn Since 2017
The foreign exchange reserves were recorded at $13.5 billion on April 2
The amount obtained from issuing Eurobonds shot up Pakistan’s foreign exchange reserves as it crossed $16 billion mark since 2017.
In a tweet, the State Bank of Pakistan (SBP) credited the issuance of Eurobonds for elevation in reserves.
The foreign exchange reserves were recorded at $13.5 billion on April 2.
#SBP has received the proceeds of government’s US$2.5bn Euro Bond issuance in its account. As a result, SBP’s FX reserves closed above US$16bn today, their highest level since July 2017.— SBP (@StateBank_Pak) April 8, 2021
Pakistan had floated Eurobonds at lucrative interest rates on March 30.
Meanwhile, Prime Minister Imran Khan revealed that inflows into Roshan Digital Account (RDA) crossed $800 million mark.
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