Pakistan’s foreign exchange reserves have surpassed all previous highs

The State Bank of Pakistan (SBP) has received US$1.0 billion in proceeds from the government’s recent Eurobond tap issue, according to the SBP.

“SBP has received US$1.0 billion proceeds of the government’s tap sale of its recently issued Euro Bond,” the central bank said in a statement posted on its official Twitter account.

Pakistan’s foreign exchange reserves surpassed $25.3 billion, an all-time record.