The IMF’s $2.75 billion boosts the SBP’s foreign exchange reserves to new highs.

KARACHI: The State Bank of Pakistan (SBP) has received $2.75 billion in Special Drawing Rights (SDRs) from the International Monetary Fund (IMF), bringing the central bank’s foreign exchange holdings to an all-time high of $20.14 billion.

The central bank’s foreign currency reserves on August 27 were $20,145.6 million, according to statistics provided by the bank. On August 20, the same reserves stood at $17,578.9 million.

Due to official inflows from the government, the SBP’s reserves have grown by $2,567 million to $20.145.6 million after accounting for foreign debt payments.

The country’s liquid foreign currency reserves totaled $27,227.7 million, including net reserves held by institutions other than the SBP.

Banks’ net reserves, on the other hand, totaled $7,082.1.