Despite the payment of $1 billion in Eurobonds, Pakistan’s foreign exchange reserves witnessed a positive development this week, with the State Bank’s dollar reserves experiencing a slight increase.
According to reports, the State Bank's reserves went up by $1.5 million, reaching a total of $8.055 billion. This comes despite a recent $1 billion payment made towards Eurobonds.
However, the news isn't all positive. The dollar reserves held by commercial banks in Pakistan decreased by $82 million, dropping to $5.32 billion.
These figures come amidst fluctuations in the foreign exchange reserves, with a decrease of $68 million reported in the week ending April 12. Notably, on April 12, the State Bank made a significant payment of $1 billion in Eurobonds.
Despite this substantial payment, the State Bank's efforts seem to have contributed to the overall stability and resilience of Pakistan's foreign exchange reserves.
