The State Bank of Pakistan (SBP) said its foreign exchange reserves have increased by 4.2 billion U.S. dollars.

During the week ending on July 14, the total foreign exchange reserves of Pakistan’s central bank moved to around 8.73 billion dollars, the SBP said in a statement on Thursday night.

The rise is because SBP received inflows of “2 billion U.S. dollars from Saudi Arabia, 1.2 billion dollars from the International Monetary Fund and 1 billion dollars from the United Arab Emirates,” it added.

Net foreign reserves held by commercial banks came at 5.34 billion dollars, the central bank said.

Total liquid foreign reserves held by the South Asian country stood at about 14.1 billion dollars, according to the SBP.

Source: Xinhua Finance Agency