Pakistan s reserves increased by 54m to 9.26b
March 3, 2023 08:12 AM
Pakistan has received a commercial loan of $700m from China and its reserves have increased by $54.10 million to $9.26 billion.
According to the 24News HD TV channel, the State Bank of Pakistan (SBP) confirmed that the commercial loan of $700 million from China is received last month on February 24, 2023.
The SBP said during this period, Pakistan has also paid 144.4 million dollars in the form of external debt.
While the reserves of the State Bank increased by 556 million dollars to 3.81 billion dollars and the country's total reserves increased by 54.10 million dollars to 9.26 billion dollars.
On the other hand, the reserves of commercial banks in Pakistan decreased by $1.50 billion to $5.45 billion.