KARACHI: Pakistan has received $2.2 billion loan from China, said a tweet of the State Bank of Pakistan on Monday evening.
After receiving such amount, State Bank of Pakistan’s foreign exchange reserves have reached $10.67 billion on Marach 25, 2019.
The total liquid foreign exchange reserves held by the country had stood at $15.709 billion as of March 15.
Earlier, SBP had reported foreign exchange reserves held by the central bank at $8.838 billion by March 15, while the net foreign exchange reserves held by commercial banks stood at $6.870 billion.
During the week under review, the central bank received inflows of $1 billion from the UAE as placement of funds.
After taking into account the outflows relating to external debt and other official payments, the SBP’s forex reserves increased $716 million during that week.
The $2.2 billion arrival of China is an addition in the foreign exchange reserves of the country.