Karachi, March 25, 2019: Pakistan on Monday received $2.2 billion from China as loan for balance of payment support.
State Bank of Pakistan spokesman said on Monday that SBP has received RMB 15 billion equivalents to $2.2 billion as proceeds of the loan obtained by Government of Pakistan from China.
With arrival of these inflows, Pakistan’s total liquid foreign exchange reserves are likely to reach $17 billion.
These inflows will be reflecting in the next report of SBP’s forex report.
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So far Pakistan has received some $3 billion from Saudi Arabia and $2 billion from UAE to ease pressure on external account.
After receiving $2.2 billion from China SBP forex reserves reaches US$10.67 billion as of 25th March 2019.
With net foreign reserves held by commercial banks at US$ 6.91 billion
country’s total liquid foreign reserves stand at US$ 17.58 billion as of 25th March 2019.
After receiving $2.2 billion from China SBP forex reserves reaches US$10.67 billion as of 25th March 2019.
With net foreign reserves held by commercial banks at US$ 6.91 billion country’s total liquid foreign reserves stand at US$ 17.58 billion as of 25th March 2019.
