According to information provided by the central bank, the foreign exchange reserves held by the State Bank of Pakistan (SBP) decreased by $327 million to $7.4 billion during the week that concluded on November 25, 2022.
The SBP stated in a statement that “due to external debt repayment, SBP’s reserves declined by $327 million to $7,498.7 million during the week ending on November 25, 2022.”
The State Bank of Pakistan (SBP) said that the nation’s entire liquid foreign reserves were valued at $13.38 billion. The total amount of net foreign reserves held by commercial banks was $5.88 billion.
On November 29, Pakistan received $500 million from the Asian Infrastructure Investment Bank (AIIB), the Ministry of Finance stated.
“Government of Pakistan has today received $500 million from AIIB. The funds are deposited with the State Bank of Pakistan (SBP) and will augment our reserves,” the ministry said in a post on its Twitter handle.
On October 26, 2022, the SBP also received $1.5 billion from the ADB as a loan disbursement for the government of Pakistan.
Later, the SBP received a loan tranche from the IMF totaling $1.166 billion during the week that ended on September 2, 2022.