In a statement, the central bank reported that Pakistan’s reserves, held by the SBP, reached US$9.38 billion following a rise of US$493.7 million.
The announcement from the State Bank of Pakistan (SBP) said that the country’s reserves, which are held by commercial banks, experienced a decline of US$128 million, resulting in a total of US$5.18 billion.
The State Bank of Pakistan (SBP) reported that during the week ending on 28-June-2024, the SBP reserves increased by US$ 494 million to reach US$ 9,389.5 million. This increase was attributed to official inflows from international agencies.
As of June 21, Pakistan’s foreign exchange reserves were reported to be US$14.207 billion.
The central bank’s announcement reveals that it retained a total of US$8.8958 billion in liquid foreign reserves, while commercial banks held US$5.3115 billion.
The statement indicated that the SBP’s reserves declined by US$239 million as a result of the repayment of foreign loans.
The State Bank of Pakistan (SBP) said that during the week ending on 21-June-2024, the SBP’s reserves declined by US$ 239 million to US$ 8,895.8 million as a result of external debt repayment.
