July 15, 2021 KARACHI: The central bank’s foreign exchange reserves rose to the highest level of $18.2 billion in four and a half years due to the inflows from Eurobonds, it said. “SBP [State Bank of Pakistan] has received $1 billion proceeds from the government’s tap offering of its recently issued Eurobond. Accordingly, SBP’s FX reserves, as on 13 July, 2021, have reached $18.2 billion, which is the highest level since January 2017,” the SBP said in a tweet. The SBP did not provide numbers on the latest position of Pakistan's total forex reserves. However, the data issued on Thursday showed that the country’s reserves surged by $1.117 billion to $ 24.4 billion in the week that ended July 02.