Domestic foreign exchange reserves reach highest level, SBP

The State Bank of Pakistan (SBP) has said that the country’s foreign exchange reserves have reached the highest level due to the IMFSDR.

According to the central bank, foreign exchange reserves increased by 2.6 billion in the week ended August 27.

The SBP says it has received 2.75 billion from the IMF.

According to the SBP, the country’s foreign exchange reserves stood at 27.22 billion as of August 27. 

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SBP’s reserves increased by 2.5 2.56 billion to 20 20.14 billion, while reserves of commercial banks increased by 4 40 million to 7. 7.08 billion