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Pakistan’s foreign reserves rise to over $23bn

KARACHI: The State Bank of Pakistan’s (SBP) foreign exchange reserves were recorded at $16.42 billion during the week ending on April 23, showing an increase of $384 million.

According to the central bank, overall liquid foreign currency reserves held by the country, including net reserves held by banks other than the SBP, stood at $23.52 billion after an increase of $300 million.

Net reserves held by commercial banks amounted to $7 billion.

On April 24, Prime Minister Imran Khan tweeted that cumulative inflows in Roshan Digital Account (RDA) crossed the $1 billion mark.

“Alhamdulillah, funds received through Roshan Digital Account have crossed $1bn. I would like to thank our overseas Pakistanis for their overwhelming response,” the prime minister wrote on Twitter.

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