GNN on Google Play Store GNN on Apple App Store
Connect with us

Business

Pakistan’s total liquid foreign reserves reach $ 13.1 billion

The SBP says foreign exchange reserves held by the central bank decreased by $173 million to US$ 8,044 million due to debt repayments during the week under review.

Published

3 months ago

on

By

Pakistan’s total liquid foreign reserves reach $ 13.1 billion
GNN Media: Representational Photo

Karachi: The total liquid foreign reserves of Pakistan stood at US$ 13,097.6 million in the week ended on February 2, 2024, while foreign reserves held by State Bank reached $ 8,044 million.

The State Bank of Pakistan, in a statement issued here on Friday, informed that foreign exchange reserves held by the central bank decreased by $173 million to US$ 8,044 million due to debt repayments during the week under review.

Meanwhile, net foreign reserves held by commercial banks stood at $ 5,053.6 million. Total liquid foreign reserves held by the country, in the previous week ended on January 26, 2024, were $ 13,262.5 million. Among them, foreign reserves held by the central bank were $ 8,216.5 million while net foreign reserves held by commercial banks were $ 5,046 million.

 

 

Continue Reading

Trending