State Bank of Pakistan’s Forex Reserves Edge Higher, Surpass IMF Targets
The State Bank of Pakistan’s foreign exchange reserves rose by $11 million to $14.243 billion in the week ending August 8, crossing IMF targets and lifting total liquid reserves to $19.496 billion, with commercial banks holding $5.253 billion.
SBP Reserves Drop by $2.66 Billion on Debt Repayments, Recovery Expected Through Fresh Inflows
The State Bank of Pakistan’s foreign reserves dropped by $2.66 billion in one week due to major debt repayments. However, fresh inflows exceeding $3 billion are expected to reverse the decline in upcoming data.