Pakistan's total foreign exchange reserves drop to $13.16bn
Business
SBP's reserves decreased by $59 million to $7,636.7 million, shows data
KARACHI (APP) -The total liquid foreign reserves of Pakistan reached $13,161.8 million while reserves held by the central bank stood at $7,636.7 million during the week ended on September 22, 2023
The State Bank of Pakistan (SBP), in a statement on Thursday, informed that SBP’s reserves decreased by $59 million to $7,636.7 million on account of debt repayments during the week ended on September 22, 2023.
Meanwhile, net foreign reserves held by commercial banks stood at $ 5,525.1 million, it added.
Total liquid foreign reserves held by the country, in the previous week ending on September 15, 2023, were $13.186 billion.
Among them, foreign reserves held by the central bank were $ 7.695 billion while net foreign reserves held by commercial banks were $ 5.491 billion.
