Join our Whatsapp channel

       The State Bank of Pakistan (SBP) said on Wednesday that its foreign exchange reserves rose to $14.51 billion by June 30.

       Last month, the central bank’s reserves increased by $167 million to $11.675bn during the week ending June 6, though it failed to reach its target of $14bn by the end of the 2024-25 fiscal year.

       A press release issued by the SBP today said its reserves rose by $5.12bn to reach $14.51bn, as compared to $9.39bn on June 30 last year.

       “This reflects a noticeable improvement in the country’s current account balance and realisation of planned inflows during the year,” the SBP said.

       Video Player is loading.

       Pause Skip Backward Unmute

       Current Time 0:00

       /

       Duration -:-

       Loaded: 13.29%

       0:00

       Stream Type LIVE

       Seek to live, currently behind liveLIVE Remaining Time - -:-

       Chapters Chapters

       Descriptions descriptions off, selected

       Audio Track default, selected

       Auto Quality Auto, selected

       1x

       Playback Rate 2x 1x, selected 0.5x

       Fullscreen

       This is a modal window.

       The media could not be loaded, either because the server or network failed or because the format is not supported.

       Beginning of dialog window. Escape will cancel and close the window.

       Text ColorWhiteBlackRedGreenBlueYellowMagentaCyan OpacityOpaqueSemi-Transparent Text Background ColorBlackWhiteRedGreenBlueYellowMagentaCyan OpacityOpaqueSemi-TransparentTransparent Caption Area Background ColorBlackWhiteRedGreenBlueYellowMagentaCyan OpacityTransparentSemi-TransparentOpaque

       Font Size 50%75%100%125%150%175%200%300%400% Text Edge Style NoneRaisedDepressedUniformDropshadow Font Family Proportional Sans-SerifMonospace Sans-SerifProportional SerifMonospace SerifCasualScriptSmall Caps

       Reset restore all settings to the default values Done

       Close Modal Dialog End of dialog window.

       Advertisement

       Ads by Bidsxchange

       Click To Unmute Copied! ×

       Leave a Comment Submit

       ×

       Stay Stress Free

       4.8K

       490

       Now Playing Up Next Stay Stress-Free

       Now Playing Up Next Creative Strokes

       Now Playing Up Next Body Art Basics

       Now Playing Up Next Unexpected Eats

       Now Playing Up Next Healthy Choices

       Now Playing Up Next Japanese Wellness

       Now Playing Up Next Mystical Nights

       Now Playing Up Next Adventure on Ice

       Now Playing Up Next Blockchain Breakthroughs

       Now Playing Up Next Toddler Travel Tips

       Earlier this week, China rolled over $3.4bn in loans, two senior Pakistani government officials told Reuters, in a move that was expected to help boost the country’s foreign exchange reserves, a requirement of the International Monetary Fund.

       Beijing rolled over $2.1bn, which has been in the SBP’s reserves for the last three years, and refinanced another $1.3bn commercial loan, which Islamabad had paid back two months ago, the sources said.

       Another $1bn from Middle Eastern commercial banks and $500m from multilateral financing have also been received, one of the officials had said.