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State Bank of Pakistan’s foreign reserves rise by $1026.9 million

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KARACHI – Pakistan’s liquid foreign reserves reached $15,982.9 million as of September 27, 2024.

According to the data released by the State Bank of Pakistan (SBP) on Thursday, liquid foreign reserves held by the central bank stood at $10,701.7 million.

Net foreign reserves held by the commercial banks stood at $5,281.2 million as of September 27, 2024.

During the week ended on September 27, 2024, SBP’s foreign reserves increased by $1,168 million to $10,701.7 million. The increase in SBP’s foreign reserves is mainly due to receipt of $1,026.9 million from the International Monetary Fund (IMF) as the first tranche under the Extended Fund Facility (EFF).

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