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Home / Business / $1.051b IMF tranche: Reserves soar to $15.098b, SBP holds $10.364b
$1.051b IMF tranche: Reserves soar to $15.098b, SBP holds $10.364b

$1.051b IMF tranche: Reserves soar to $15.098b, SBP holds $10.364b

KARACHI: The country’s foreign exchange reserves have increased to $15.098 billion as the State Bank of Pakistan (SBP) received a tranche of $1.051 billion from  under Extended Fund Facility (EFF).

The foreign reserves held by State Bank stood at $10.364.6 billion whereas net foreign reserves held by commercial banks stood at $4.733 billion by the week ending on December 19, 2014.

During the week SBP received $1,221 million from multilateral, bilateral and other sources, which include $1,051 million received from IMF under EFF. During the week SBP made payments of $114 million on account of external debt servicing and other official payments of which $55 million was paid to IMF.