![\"Foreign-exchange-SBP-reserves-rise-$4m-to-$13b-rapidnews-dailyrapidnews\"](\"https:\/\/dailyrapidnews.com\/eng\/wp-content\/uploads\/2021\/03\/Foreign-exchange-SBP-reserves-rise-4m-to-13b-rapidnews-dailyrapidnews.jpg\")
<\/p>\nThe foreign exchange reserves held by the central bank rose 0.03% on a weekly basis, according to data released by the State Bank of Pakistan (SBP) on Thursday.<\/p>\n
On March 12, the foreign currency reserves held by the SBP were recorded at $13,019.7 million, up $4 million compared with $13,016.1 million in the previous week. The central bank gave no reason for the increase in reserves.<\/p>\n
<\/p>\n
Overall liquid foreign currency reserves held by the country, including net reserves held by banks other than the SBP, stood at $20,159.1 million. Net reserves held by banks amounted to $7,139.4 million.<\/p>\n
Pakistan received the first loan tranche of $991.4 million from the International Monetary Fund (IMF) on July 9, 2019, which helped bolster the reserves. In late December 2019, the IMF released the second loan tranche of around $454 million.<\/p>\n
The reserves also jumped on account of $2.5 billion in inflows from China. In 2020, the SBP successfully made foreign debt repayment of over $1 billion on the maturity of Sukuk.<\/p>\n
In December 2019, the foreign exchange reserves surpassed the $10 billion mark owing to inflows from multilateral lenders including $1.3 billion from the Asian Development Bank (ADB).<\/p>\n","protected":false},"excerpt":{"rendered":"
The foreign exchange reserves held by the central bank rose 0.03% on a weekly basis,<\/p>\n","protected":false},"author":1,"featured_media":6833,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"spay_email":"","footnotes":""},"categories":[2],"tags":[],"class_list":["post-6831","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-business"],"yoast_head":"\n