With the arrival of the first tranche of the IMF loan, liquid forex reserves held by the country surged to $ 15 billion at the end of last week. According to State Bank of Pakistan''s weekly report issued Thursday, the country''s total liquid foreign exchange reserves increased by $ 990 million to $ 15.249 billion as on July 12, 2019 compared to $ 14.259 billion on July 5, 2019.

During the week, the SBP received the first tranche of $ 991.4 million from the International Monetary Fund (IMF) as first tranche of the Extended Fund Facility (EFF). After taking into account outflows relating to external debt and other official payments, the SBP reserves increased by $918 million to $ 8 billion.

Copyright Business Recorder, 2015