Pakistan's foreign exchange reserves increase to $9.12 billion on May 3 due to a $1.1 billion loan tranche from IMF.
Pakistan's foreign exchange reserves have increased by $1.114 billion, reaching $9.12 billion as of May 3, according to data released by the State Bank of Pakistan (SBP). The increase was primarily due to a $1.1 billion loan tranche from the International Monetary Fund (IMF). This brings the SBP-held reserves to a nearly two-year high, as the dollar stockpile was last recorded above $9 billion on July 15, 2022.
May 09, 2024
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