SBP reserves drops to $7.9b after loan payment
- By Web Desk -
- Aug 24, 2023
KARACHI: The foreign exchange reserves held by the State Bank of Pakistan (SBP) have dropped to $7.93 billion after a loan payment of $125 million, ARY News reported on Thursday.
Meanwhile, the total liquid foreign reserves held by the country stood at $13.24 billion after a decrease of $131 million.
The net reserves held by commercial banks amounted to $5.31 billion with an drop of $6 million.
The total liquid foreign reserves of Pakistan dropped by $74 million to $13.46 billion on June 27, 2023, according to data released by the State Bank of Pakistan (SBP).
According to the stats issued by the SBP, the country’s foreign reserves dropped by $74 million to $13.46 billion. The reserves in the SBP dropped by $ 32 million to $8.15 billion.
Meanwhile, net foreign reserves held by commercial banks declined by $38 million to US$ 5.3 billion, it added.