However, financial assistance from the United Arab Emirates (UAE) and Saudi Arabia helped shore up the foreign exchange reserves. On June 28, the foreign currency reserves held by the SBP were recorded at $7,272.8 million, down $9.3 million compared with $7,282.1 million in the previous week. During the week, the State Bank received $500 million worth of inflows, out of the total promised aid of $3 billion, from Qatar. Overall, liquid foreign currency reserves, held by the country, including net reserves held by banks other than the SBP, stood at $14,443 million. In January last year, the SBP made a $500-million loan repayment to the State Administration of Foreign Exchange (SAFE), China.

Source: The Express Tribune July 04, 2019 15:45 UTC