ISLAMABAD – The country’s foreign exchange reserves have surged to $15.7billion after receiving inflows of $1 billion from United Arab Emirate onthe account of cash financial support.
According to the data of State Bank of Pakistan (SBP), the total liquidforeign reserves held by the central bank increase to $8.838 billion. Thecommercial banks have also maintained foreign exchange reserves of $6.870billion.
The country also paid an amount of $284 million on the account of externaldebt and other official payments.
According to Finance Minister Asad Umar, the country will also receive anamount of $2.1 billion from China that will also swell the reserves levelof the central bank to $12 billion.
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Besides, an amount of $1 billion from Abu Dhabi Fund for Development, theinflows of $3.1 billion are expected in the coming days.
