The central bank’s announcement reveals that it owned US$8.8958 billion of the country’s total liquid foreign reserves, while commercial banks retained US$5.3115 billion.
The statement indicated that the SBP’s reserves declined by US$239 million as a result of the repayment of foreign loans.
The statement from the SBP said that for the week ending on 21-June-2024, the SBP reserves declined by US$ 239 million to a total of US$ 8,895.8 million. This decrease was attributed to the repayment of external debt.
On June 21, it was announced that Pakistan’s foreign exchange reserves held by the State Bank of Pakistan (SBP) grew by US$31 million on a weekly basis.
According to a statement from the central bank, Pakistan’s foreign exchange reserves held by the SBP increased to US$9.135 billion as of June 14, 2024.
The release said that the SBP reserves rose by US$ 31 million to reach a total of US$ 9,134.7 million during the week ending on 14-June-2024.
As per the SBP, the nation’s overall liquid foreign reserves amounted to $14.415 billion. The commercial banks hold a total of US$ 5.28 billion in net foreign reserves.
