Based on statistics issued by the central bank, foreign currency reserves held by the State Bank of Pakistan (SBP) fell by $327 million to $7.4 billion in the week ending November 25, 2022.
As a result of the repayment of foreign debt, SBP reserves fell by $327 million to $7,498.7 million for the week ending November 25, 2022, the SBP said.
The State Bank of Pakistan (SBP) released a statement revealing the country’s total liquid foreign reserves to be $13.38 billion. Commercial banks’ net foreign reserves were valued at $5.88 billion.
It was announced on November 29 that Pakistan has received $500 million from the Asian Infrastructure Investment Bank (AIIB).
“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.
