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Pakistan’s foreign reserves rise by $243mn

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KARACHI – Pakistan’s liquid foreign reserves stood at $13,341.4 million as of January 19, 2024.

As per the data released by the State Bank of Pakistan (SBP) on Thursday, foreign reserves held by the central bank stood at $8,270.5 million.

Net foreign reserves held by commercial banks stood at $5,070.9 million.

During the week ended on January 19, 2024, SBP received IMF tranche under SBA and executed government’s external debt repayments.

After accounting for all flows, SBP’s reserves recorded a net increase of $243 million to reach $8,270.5 million.

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