Total liquid foreign reserves reach $13.1bn

Author: APP

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.

Share
Leave a Comment

Recent Posts

  • Op-Ed

Breaking the Chains of Colonial Bureaucracy

One time, I was sitting with a few senior bureaucrats, and they were continuously blaming…

4 hours ago
  • Op-Ed

Sanctions and Trump Administration

It appears that the new Trump administration may soften its policies about nuclear non-proliferation because…

4 hours ago
  • Editorial

Precision Airstrikes

The last news cycle saw Kabul unleash a flurry of kneejerk reactions, summoning Pakistani diplomat,…

4 hours ago
  • Editorial

Horrific Reality

Deja vu or yet another sign of the moral decay that defines us? After suffering…

4 hours ago
  • Op-Ed

Investing in Youth and SMEs

Pakistan faces the daunting task of transforming its large number of young people into a…

4 hours ago
  • Op-Ed

The fate of Pakistan

In recent times, there has been increasing negative propaganda surrounding Quaid-e-Azam Muhammad Ali Jinnah, particularly…

4 hours ago