KARACHI: Total liquid foreign reserves of the country currently stand at $16.048 billion, claim the State Bank of Pakistan (SBP).

SBP’s weekly statement issued on Thursday said that on December 9, the foreign reserves with the State Bank amounted to $9,233.6 million and net foreign reserves held by commercial banks were $6,814.5 million.

During the end of the week on December 06, SBP made a repayment of Pakistan International Sukuk of $1,000 million.

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After accounting for multilateral and other official inflows during the week, SBP reserves increased by $121 million to $9,233.6 million.

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On December 9, SBP received $1,300 million from Asian Development Bank.

These funds will be part of the SBP weekly reserves data as of December 13, 2019 to be released on December 19, 2019.