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ISLAMABAD: State Bank of Pakistan has released the data on domestic foreign exchange reserves.
According to the data released by the State Bank, the country’s total foreign exchange reserves decreased by $5.61 million in the week ended March 31. According to the statistics, the total reserves of domestic foreign exchange were $9.75 billion as of March 31.
State Bank’s deposits decreased by $3.64 billion to $4.20 billion, while commercial banks’ deposits decreased by $1.97 billion to $5.55 billion.
Read more: ADB deposits $1.5 billion at State Bank of Pakistan
On the other hand, the IMF has told the Pakistani authorities that they have received an assurance of $2 billion from Saudi Arabia and the IMF is satisfied with this assurance.
After the possibility of getting an additional 2 billion dollars in the form of deposits from Saudi Arabia, Pakistan is now waiting for a response from the United Arab Emirates regarding getting another 1 billion dollars in order to reach a staff-level agreement with the IMF.
