The country’s foreign exchange reserves have finally crossed the $ 15 billion mark before the end of this calendar year as was claimed by Finance Minister Ishaq Dar.
The central bank reported Friday to have counted its dollar reserves at $15.098 billion during the week that ended on December 19. During the week in review the State Bank’s reserves stood at $ 10.364 billion while that of the commercial banks at $ 4.733 billion.
The increase witnessed in the central bank’s reserves amounted to $1.018 billion compared to $9.347 billion the bank held in the previous week.
“During the week, the SBP received $1.221 billion from multilateral, bilateral and other sources which include $1.051 billion received from IMF under EFF,” the State Bank said.
During the week, the SBP said to have made payments of $ 114 million on account of external debt servicing and other official payments of which $ 55 million was paid to the IMF.
