According to the data issued by the State Bank of Pakistan stated that foreign exchange reserves rise from US$2,579 million and were recorded at $16,106 million during the week ending on April 9.
The SBP said that net reserves held by the central bank stood at $16,106.4 million, Net reserves held by commercial banks amounted to $7,113 million.
It further added that overall liquid foreign reserves held by the Pakistan stood at US$ 23.220 million as of April 9, 2021.
The State Bank of Pakistan attributed the hike to the receipt of proceeds of $2.5 billion against the issuance of Eurobonds.
It must be noted that Pakistan on March 30 received $498.7 million as a 3rd tranche of the $6 billion Extended Fund Facility from the International Monetary Fund (IMF).
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