KARACHI, Pakistan, Oct 13 Reuters Pakistan39;s central bank has met an endSeptember deadline for a forward book target of 4.2 billion agreed with the IMF, and is comfortably placed to meet others on net international reserves and net domestic assets, the bank said on Friday.

The South Asian nation is trying to navigate a tricky path to economic recovery under a caretaker government in the wake of a 3billion IMF loan programme, approved in July, that helped avert a sovereign debt default.

Friday39;s remarks came in a statement on comments by Jameel Ahmad, governor of the State Bank of Pakistan SBP, at events held on the sidelines of the International Monetary Fund IMF and World Bank meetings in Morocco.

The foreign exchange buffers are improving, with both buildup in reserves and reduction in forward foreign exchange liabilities, the central bank said in the statement, describing comments Ahmad made to investors.

SBP is also very comfortably placed to meet the other endSeptember IMF targets, including Net International Reserves NIR and Net Domestic Assets NDA, the bank added.

Since January 2023, the banks foreign exchange reserves have improved from a low of 3.1 billion to 7.6 billion by the end of September, it said in the statement.

The buildup of reserves was largely supported by nondebt creating inflows amid favourable market conditions, it added.

At the same time, SBPs forward foreign exchange liabilities have declined and the forward book target of 4.2…