SBP #forex #reserves swell by $107m to $4bn
KARACHI (MNP) – The #StateBankofPakistan (#SBP)-led# foreign #exchange reserves jumped by $107 million to $4 #billion during the week ending June 9, 2023, official statistics show.
However, Pakistan reportedly paid $1bn to China on Monday, which brought down the #SBP reserves to $3bn. The finance ministry neither confirmed nor denied the media report.
The central bank reported the total foreign exchange reserves of the country at $9.378bn, including $5.359bn held by the commercial #banks.
