KARACHI: After decision-makers secured a crucial loan from the International Monetary Fund, Pakistan’s foreign exchange reserves increased to above $8 billion, averting default threats that could have triggered a full-blown economic crisis (IMF).
According to data issued by the SBP on Thursday, as of September 2 the foreign exchange reserves held by the SBP were valued at $8,799.9 million, an increase of $1.166 million from $7,697.1 on August 26.
In all, the nation maintained $14,473.5 million in liquid foreign currency reserves, including net reserves held by banks other than the SBP.
