The State Bank of Pakistan (SBP) has reported a weekly increase of $24 million in its foreign exchange reserves, bringing the total to $9.53 billion as of September 20.
Moreover, total liquid foreign reserves for the country stand at $14.87 billion, with commercial banks holding $5.34 billion in net foreign reserves.
Read More: IMF approves Pakistan’s bailout with US and China’s support: Finance Minister
While the SBP did not specify the reasons for this increase, it follows last week’s rise of $43 million.
Notably, the International Monetary Fund (IMF) Executive Board recently approved a 37-month, $7 billion Extended Fund Facility for Pakistan, with an immediate release of $1.1 billion expected to further bolster the nation’s foreign exchange reserves.
