After receiving loan from China, country’s foreign exchange reserves increased marginally
According to State Bank, after receiving a loan of 500 million dollars from China, foreign exchange reserves became 4 billion 30 million dollars, while commercial banks have 5 billion 45 million dollars, total foreign exchange reserves became 9 billion 75 million dollars
The foreign exchange reserves of the State Bank of Pakistan (SBP) have increased to 4.3 billion. According to the central bank, the reserves have been increased by a loan of 500 million dollars from China.
According to the data released by the State Bank of Pakistan (SBP), after receiving a loan of 500 million dollars from China, the foreign exchange reserves have increased to 4.3 billion.
According to the data of SBP, the foreign exchange reserves held by the central bank increased by 12.7% on a weekly basis and reached 4.3 billion dollars.
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The central bank’s foreign exchange reserves increased by $48.61 million in the week ended March 3. Reserves of the Central Bank increased by 48.69 million dollars to 4.3 billion dollars.
The country’s total foreign exchange reserves stood at 9 billion 754 million dollars on March 3. The deposits of commercial banks decreased by 8 lakh dollars, after which they became 5 billion 45 million dollars.
According to the data, foreign currency reserves of SBP stood at $4,301 million as on March 3, 2023, up $487 million from $3,814 million on February 24.
Economic experts have linked the restoration of the loan program of the International Monetary Fund (IMF) as soon as possible for further improvement in foreign exchange reserves.
