The State Bank of Pakistan (SBP)-held foreign exchange reserves recorded a meagre rise, reported 24NewsHD TV channel Thursday.
The SBP, in its weekly bulletin, mentioned its reserves have jumped by $30 million to $4.46 billion as of April 20, which will provide an import cover of less than a month — a position that has been the same for several months now.
Total liquid foreign #reserves held by the country stood at US$ 10.02 billion as of April 20, 2023.
— SBP (@StateBank_Pak) April 27, 2023
For details https://t.co/WpSgomnKT3 pic.twitter.com/rPr2dVh4Z9
The net foreign reserves held by commercial banks stand at $5.56 billion, $1.1 billion more than the SBP, taking the total liquid foreign reserves to $10.02 billion.