{"id":96739,"date":"2024-03-29T14:13:22","date_gmt":"2024-03-29T09:13:22","guid":{"rendered":"https:\/\/www.zameen.com\/news\/?p=96739"},"modified":"2024-03-29T14:13:23","modified_gmt":"2024-03-29T09:13:23","slug":"sbp-sees-increase-foreign-reserves","status":"publish","type":"post","link":"https:\/\/www.zameen.com\/news\/sbp-sees-increase-foreign-reserves.html","title":{"rendered":"SBP records slight increase in \u2018Foreign Exchange Reserves\u2019"},"content":{"rendered":"\n<p>Karachi: The State Bank of Pakistan (SBP) saw a marginal increase in foreign exchange reserves, with a USD 4 million rise according to data released by the central bank on Thursday, according to a news article issued on March 28.<\/p>\n\n\n\n<p><strong>Read: <\/strong><a href=\"https:\/\/www.zameen.com\/news\/sbp-revises-trade-regulations.html\" target=\"_blank\" rel=\"noreferrer noopener\">SBP allows advance payments on imports, modifies trade rules<\/a><\/p>\n\n\n\n<p>As of March 22, SBP&#8217;s foreign currency reserves reached USD 8.022 billion, up slightly from USD 8.018 billion recorded on March 15. The country&#8217;s overall liquid foreign currency reserves, inclusive of net reserves held by banks other than SBP, totalled USD 13.428 billion, marking a USD 37 million increase from the previous week. Net reserves held by banks amounted to USD 5.406 billion, showing a USD 33 million rise during the week.<\/p>\n\n\n\n<p><strong>Read:<\/strong><a href=\"https:\/\/www.zameen.com\/news\/sbp-maintains-interests-rate-amidst-inflation.html\" target=\"_blank\" rel=\"noreferrer noopener\">SBP maintains 22% interest rate, adjusts inflation projection<\/a><\/p>\n\n\n\n<p>Notably, last week saw an agreement between IMF staff and Pakistani authorities on the final review under Pakistan\u2019s Stand-By Arrangement. Pending approval from the IMF\u2019s Executive Board, this agreement is expected to enable Pakistan to access the last loan tranche of USD 1.1 billion, which would further bolster the country\u2019s reserves.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Karachi: The State Bank of Pakistan (SBP) saw a marginal increase in foreign exchange reserves, with a USD 4 million rise according to data released by the central bank on Thursday, according to a news article issued on March 28. Read: SBP allows advance payments on imports, modifies trade rules As of March 22, SBP&#8217;s foreign currency reserves reached USD 8.022 billion, up slightly from USD 8.018 billion recorded on March 15. The country&#8217;s overall liquid foreign currency reserves, inclusive of net reserves held by banks other than SBP, totalled USD 13.428 billion, marking a USD 37 million increase from the previous week. Net reserves held by banks amounted to USD 5.406 billion, showing a USD 33 million rise during the week. Read:SBP maintains 22% interest rate, adjusts inflation projection Notably, last week saw an agreement between IMF staff and Pakistani authorities on the final review under Pakistan\u2019s Stand-By Arrangement. Pending approval from the IMF\u2019s Executive Board, this agreement is expected to enable Pakistan to access the last loan tranche of USD 1.1 billion, which would further bolster the country\u2019s reserves.<\/p>\n","protected":false},"author":88,"featured_media":76277,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[15017],"tags":[55057,21853],"persona":[],"class_list":{"0":"post-96739","1":"post","2":"type-post","3":"status-publish","4":"format-standard","5":"has-post-thumbnail","7":"category-notices-announcements","8":"tag-sbp-news-and-updates","9":"tag-state-bank-of-pakistan-sbp","10":"cat-15017-id"},"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v27.2 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>SBP Sees Increase in Foreign Reserves - Zameen News<\/title>\n<meta name=\"description\" content=\"SBP reports slight uptick in foreign reserves, up by USD 4 million as per central bank&#039;s data released on Thursday, March 28.\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.zameen.com\/news\/sbp-sees-increase-foreign-reserves.html\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"SBP Sees Increase in Foreign Reserves - Zameen News\" \/>\n<meta property=\"og:description\" content=\"SBP reports slight uptick in foreign reserves, up by USD 4 million as per central bank&#039;s data released on Thursday, March 28.\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.zameen.com\/news\/sbp-sees-increase-foreign-reserves.html\" \/>\n<meta property=\"og:site_name\" content=\"Pakistan Real Estate News &amp; 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