The total foreign reserves held by Pakistan currently stand at $23,015.9million, according to the State Bank of Pakistan (SBP). This was announced through their official Twitter handle.
SBP reserves increased by $88m to $15,862.0m, due to government’s official inflows.
Foreign reserves held by the SBP are $15,862m. Furthermore, the net foreign reserves held by commercial banks stand at $7,153.9m
In April 2021, the foreign exchange reserves held by Pakistan reached a five-year high, according to data released by the SBP. The reserves surged by $2.54billion, an increase of 12,2 per cent to $23.22bn as compared to $20.68bn in the last week.
“The increase in reserves is attributed to receipt of proceeds of $2.5bn against the issuance of Pakistan euro bonds,” the SBP said in a statement.
The Central Bank’s foreign exchange reserves, which closed above US$16bn are now on the highest level since July 2017.
