SBP reserves soar by $582m


Staff Reporter


The total liquid foreign reserves held by the country stood at $18.081 billion on 27-December-2019. Foreign reserves held by the State Bank of Pakistan stood at $11.489 billion. Net foreign reserves held by commercial banks stood at $ 6.592 billion. During the week ending 27-December-2019, SBP reserves increased by $582 million to $11.489 billion. This increase is attributed to bilateral and multilateral inflows including proceeds of $452.4 million received from IMF under EFF program.