According to data released by the State Bank of Pakistan (SBP) on Thursday, the central bank’s foreign exchange reserves increased by 2.39 percent on a weekly basis.
The SBP’s foreign currency reserves were $16,427.8 million on April 23, up $384 million from the previous week’s figure of $16,043.9 million.
The central bank provided no explanation for the reserve rise.
The country’s total liquid foreign currency reserves, including net reserves kept by banks other than the SBP, were $23,520.2 million. The total amount of net reserves kept by banks was $7,092.4 million.
The reserves have increased as a result of $2.5 billion in Chinese inflows. The SBP successfully repaid over $1 billion in foreign debt on the maturity of Sukuk in 2020.
