Karachi: The foreign exchange reserves held by the central bank rose by USD 2,567million, according to data released by the State Bank of Pakistan. The rise in reserves is witnessed due to USD2.75 billion worth SDRs received from IMF.
As of August 27, 2021, the foreign currency reserves held by the SBP were recorded at USD20,146 million, witnessed a rise of USD2,567 million compared with USD17,579 million in the previous week.
Current level of foreign reserves can service the imports of ~4 months.
Overall liquid foreign exchange reserves held by the country, including banks stood at USD27,228 million. Reserves held by banks amounted to USD7,082 million.
Since Jun 2019, the SBP foreign exchange reserves has increased by USD12,860 million.