Karachi: The foreign exchange reserves held by the central bank rose by USD 1,112million, according to data released by the State Bank of Pakistan. The rise in reserves is witnessed due to USD1.0 billion loan from China and USD400 million from World Bank.
As of July 02, 2021, the foreign currency reserves held by the SBP were recorded at USD17,231 million, witnessed a rise of USD1,112 million compared with USD16,119 million in the previous week.
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Current level of foreign reserves can service the imports of ~3.5 months.
Overall liquid foreign exchange reserves held by the country, including banks stood at USD24,415 million. Reserves held by banks amounted to USD7,184 million.
Since Jun 2020, the SBP foreign exchange reserves has increased by USD6,000 million.