Pakistan currently has $14.3 billion in foreign exchange reserves.
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SBP’s holdings of Pakistani reserves fell by US$397 million to US$9.02 billion, according to a statement from the central bank.
Commercial banks currently own 5.3 billion of Pakistan’s nett foreign reserves.
The external debt repayment was the reason for the US$397 million decline in SBP reserves to US$9,027.2 million during the week ending July 19, 2024, according to the SBP statement.
that,The State Bank of Pakistan (SBP) revealed earlier that as of July 12, the country has $14.7 billion in total liquid foreign reserves.
An announcement from the central bank stated that for the week ending on July 12, Pakistan’s reserves held by the SBP increased by US$ 19 million to US$ 9.42 billion. Commercial banks have $5.27 billion in nett foreign reserves for Pakistan.