Pakistan’s total foreign exchange reserves increased by 3 billion 476.5 million dollars in one year, and with the expected approval of IMF funds next week, the reserves may rise further.
According to State Bank documents, the State Bank’s reserves increased by 2 billion 522.8 million dollars in one year, while during the same period, commercial banks’ reserves recorded an increase of 953.7 million dollars.
According to the documents, total foreign exchange reserves have now reached 19 billion 605 million dollars, of which the State Bank holds 14 billion 560.7 million dollars, and commercial banks hold 5 billion 443 million dollars.
One year ago the total foreign exchange reserves were 16 billion 128.5 million dollars, with the State Bank holding 12 billion 379 million dollars, while commercial banks held 4 billion 906 million dollars.
It should be noted that the IMF Executive Board meeting for Pakistan is scheduled for December 8, during which the disbursement of 1.2 billion dollars to Pakistan will be reviewed.






