ISLAMABAD: Pakistan has received a total of $2.05 billion last week _ $1.053 billion from the International Monetary Fund and $1 billion from the sale of international Sukuk Bonds. The State Bank of Pakistan reported this development on Thursday (Feb 10) evening.
According to SBP, the total liquid foreign reserves held by the country stood at US$ 23,720 million as of 04-February-2022.
The break-up of the foreign reserves position is as under:-
i) Foreign reserves held by the State Bank of Pakistan amounted to $17,336.8
million;
ii) Net foreign reserves held by commercial banks stood at $6,384.1 million
iii) Total liquid foreign reserves with the SBP and commercial banks have increased to $23,720.9 million.
During the week ended on 04-February-2022, SBP received US$ 1,053
million from IMF under EFF program and proceeds against Pakistan
International Sukuk Bond issuance of US$ 1,000 million. After accounting for
external debt and other payments, SBP reserves increased by US$ 1,609
million to US$ 17,336.8 million.
The IMF has released $1.053 billion after Pakistan government has fulfilled all the upfront measures suggested by the IMF to qualify for the resumption of suspended programme.
