Pakistan’s foreign exchange reserves reach $13.03 billion

KARACHI: The total liquid foreign reserves of Pakistan reached US$ 13,030.8 million while reserves held by the central bank stood at $7,615.4 million, ARY News reported quoting SBP.

The State Bank of Pakistan, in a statement issued here on Thursday, informed that SBP’s reserves decreased by $ 21 million to US$ 7,615.4 million during the week ended on September 28, 2023.

Meanwhile, net foreign reserves held by commercial banks stood at $ 5,415.4 million, it added.

Total liquid foreign reserves held by the country, in the previous week ending on September 22, 2023, were US$ 13.162 billion.

Among them, foreign reserves held by the central bank were $ 7.636 billion while net foreign reserves held by commercial banks were $ 5.525 billion.

On September 29, the total liquid foreign reserves of Pakistan reached US$ 13.18 billion while reserves held by the central bank stood at $7,636.7 million.

The State Bank of Pakistan (SBP) spokesperson said in a statement 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.