Foreign reserves stand at $8.24bn: SBP

Foreign reserves stand at $8.24bn SBP

The total liquid foreign reserves held by the country stand at $14.21 billion, says State Bank of Pakistan on Thursday. 

“During the week ended on 17-Jun-2022, SBP reserves decreased by $748 million to $8,237.7 million mainly due to external debt repayments,” stated the central bank.  

Meanwhile, the net foreign reserves with commercial banks amounted to $5.97 billion.


‘Pakistan to get $2.3bn Chinese loan soon’

Over 16,600 concessional loans worth Rs23 billion disbursed under Youth Entrepreneurs Scheme

 The Minister for Finance and Revenue Miftah Ismail said that the Chinese consortium of banks on Tuesday signed an RMB 15 billion ($2.3 billion) loan facility agreement with Pakistani authorities.  

“We thank the Chinese government for facilitating this transaction,” the minister tweeted, saying the inflow was expected within a couple of days.

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