Pakistan has $14.31 billion in foreign exchange reserves.

The nation’s total liquid foreign reserves as of the week that concluded on May 24, 2019, according to a statement from the central bank’s spokesperson, were $14.31 billion.

The SBP states that commercial banks hold US$ 5.22 billion in net foreign reserves, or a portion of the overall foreign reserves.

“Due to repayments of external debt, SBP reserves decreased by US$ 63 million to US$ 9,093.7 million during the week ended on May 24, 2024,” the announcement stated.

Pakistan’s foreign exchange reserves held by the State Bank of Pakistan (SBP) rose by US$22 million as of May 23, 2024, to US$9.15 billion from $9.13 billion.

The net foreign reserves held by commercial banks dropped by US$630 million to $5.43 billion, as per data released by the central bank. The entire amount of national reserves, now $14.58 billion, is a reduction of US$41 million.

The nation has US$ 14,58 billion in liquid foreign reserves overall.

“SBP reserves increased by US$ 22 million to US$ 9,157.0 million during the week ended on May 17, 2024,” the SBP statement continued.

Leave a Reply

Your email address will not be published. Required fields are marked *

Back to top button