Pakistan’s total liquid foreign reserves reach $ 14.3 billion

Author: APP

The total liquid foreign reserves of Pakistan stood at US$ 14,315.4 million in the week ended on May 24, 2024 while foreign reserves held by the State Bank reached $ 9,093.7 million. The SBP, in a statement issued here on Thursday, informed that foreign reserves held by the central bank decreased by $ 63 million to $ 9,093.7 million due to external debt repayments during the week under review. Meanwhile, net foreign reserves held by commercial banks were recorded as $ 5,221.7 million, it added. Total liquid foreign reserves held by the country, in the previous week ended on May 17, 2024, were $ 14,585.4 million. Among them foreign reserves held by the central bank were $ 9,157 million while net foreign reserves held by commercial banks were $ 5,428.4 million.

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