KARACHI: The Foreign exchange reserves held by the State Bank of Pakistan (SBP) increased $1.47 billion during the week ended on October 28, 2022, according to data released by the State Bank of Pakistan (SBP).
Sharing a break-up of the foreign reserves position, the central bank said that the foreign currency reserves held by the SBP were recorded at $8.91 billion, up $1.47 million compared to $7.1bn on October 28.
Overall liquid foreign currency reserves held by the country, including net reserves held by banks other than the SBP, stood at $14.68 billion.
Total liquid foreign #reserves held by the country stood at US$ 14.68 billion as of October 28, 2022. For details: https://t.co/WpSgomnKT3 pic.twitter.com/paY5e2luBD
— SBP (@StateBank_Pak) November 4, 2022
Net reserves held by banks stood at $5.77 billion.
“During the week ended on 28-Oct-2022, SBP’s reserves increased by US$ 1,473 million to US$ 8,912.9 million. This increase is attributed to the receipt of US$ 1,500 million from Asian Development Bank (ADB),” said the SBP.
The SBP received $1.5 billion from ADB on October 26, 2022 as disbursement of loan for the government of Pakistan.
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