IMF tranche propels Pakistan’s forex reserves to $8.27bn

The State Bank of Pakistan (SBP) has reported a increase in its foreign exchange reserves, marking a rise of $243 million within a week.

According to the data released by the central bank on Thursday, the reserves held by the SBP as of January 19 amounted to $8.27 billion, up from $8.027 billion on January 12.

This increase is largely attributed to the receipt of the second tranche of $705…