International inflows swell greenback reserves past $14b

inp-19-19

The nation’s overseas trade reserves swelled past $14.042 billion in the course of the week that ended on December 12, stated the State Financial institution Thursday.

The week underneath evaluation noticed the central financial institution holding $ 9.347 billion exhibiting a rise of $ 144 million in comparison with $9.203 billion the financial institution had possessed within the earlier week.

“Through the week, the SBP acquired $73 million from multilateral, bilateral and different sources,” stated the regulator.

The greenback reserves of the industrial banks stood at $ 4.695 billion. The nation’s financial managers are restlessly awaiting the discharge of a minimum of $ 1.1 billion by the Worldwide Financial Fund whose Government Board is reported to have cleared the quantity for Pakistan underneath the Prolonged Fund Facility.

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