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Business & Finance Print edition: 2024-04-26

SBP says forex reserves stand at $13.281bn

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By Recorder Report

KARACHI: The country’s total liquid foreign exchange reserves fell by $ 94 million during the last week. The State Bank of Pakistan (SBP) on Thursday reported that the total liquid foreign reserves held by the country stood at $ 13.281 billion as of Apr 19, 2024 compared to $ 13.374 billion as of Apr 12, 2024.

SBP-held foreign exchange reserves increase $14.4mn, now stand at $8.05bn

During the week under review, SBP’s reserves decreased by $ 74 million to $ 7.981 billion due to external debt repayments. In addition, net foreign reserves held by commercial banks declined to $ 5.299 billion, down by $ 20 million.

Copyright Business Recorder, 2024

SBP foreign exchange reserves SBP reserves

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SAd Apr 26, 2024 12:22pm
Sbp reserves should be 7.2 instead of 8B after repayment. Did we get high remittances, exports or got euros from mrkt or we have euro in stock. Good that We repaid the loan without hurting reserves
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