KARACHI: The foreign exchange reserves held by the State Bank of Pakistan (SBP) declined $327 million to $7.4 billion during the week ended on November 25, 2022, according to data released by the central bank.
“During the week ended on November 25, 2022, SBP’s reserves decreased by $327 million to $7,498.7 million due to external debt repayment,” said the SBP in a statement.
In a statement, the State Bank of Pakistan (SBP) said the total liquid foreign reserves held by the country stood at $13.38 billion. Net foreign reserves held by commercial banks clocked in at $5.88 billion.
On November 29, Pakistan received $500 million from the Asian Infrastructure Investment Bank (AIIB), the Ministry of Finance stated.
“Government of Pakistan has today received $500 million from AIIB. The funds are deposited with the State Bank of Pakistan (SBP) and will augment our reserves,” the ministry said in a post on its Twitter handle.
Govt of Pakistan has today received US$ 500 million from Asian Infrastructure Investment Bank (AIIB). The funds are deposited with SBP and will augment our reserves. @AIIB_Official @StateBank_Pak @MIshaqDar50
— Ministry of Finance (@FinMinistryPak) November 29, 2022
The SBP had also received $1.5 billion from the ADB on October 26, 2022 as disbursement of loan for the government of Pakistan.
Later, during the week ended on September 2, 2022, the SBP received a loan tranche of $1.166 billion from the IMF.
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