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KARACHI: Pakistan’s foreign exchange reserves have risen above $8 billion, following the $1.1 billion loan tranche from the International Monetary Fund (IMF).
The State Bank of Pakistan (SBP) on Thursday said that it received $1.166 billion from the IMF under its EFF program. After accounting for external debt and other payments, the SBP reserves increased by $1.103 billion to $8.799 billion.
Sharing a break-up of the foreign reserves position, SBP said that the foreign currency reserves held by the central bank were recorded at $8,799.9 million, up $1.166 million compared with $7,697.1 on August 26.
Total liquid foreign reserves held by the country stood at $14.5 billion, said the SBP on Thursday. Net foreign reserves held by commercial banks amounted to $5.7 billion.