Forex reserves up by $16bn

KARACHI: Pakistan’s total liquid foreign exchange reserves rose by $1.034 billion last week, driven by the disbursement of an IMF loan tranche.

According to the State Bank of Pakistan (SBP), the influx of IMF funds pushed the country’s total liquid foreign exchange reserves above the $16 billion mark, reaching $16.649 billion as of May 16, 2025, compared to $15.614 billion on May 9, 2024. This is the first time reserves have exceeded $16 billion since November 2024. During the week in review, SBP’s own reserves climbed by $1.043 billion to $11.447 billion, up from $10.403 billion the previous week — marking a four-month high.

Read More https://epaper.brecorder.com/2025/05/23/1-page/1050900-news.html

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