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SBP-held foreign exchange reserves increase $75mn, now stand at $9.1bn

Published August 1, 2024 Updated August 1, 2024 07:20pm
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Foreign exchange reserves held by the State Bank of Pakistan (SBP) increased by $75 million on a weekly basis, clocking in at $9.10 billion as of July 26, data released on Thursday showed.

Total liquid foreign reserves held by the country stood at $14.39 billion. Net foreign reserves held by commercial banks stood at $5.29 billion.

“During the week ended on July 26, 2024, SBP reserves increased by US$ 75 million to US$ 9.102 billion,” the central bank said.

Last week, SBP foreign exchange reserves decreased by $397 million due to external debt repayments.

SBP forex reserves Foreign reserves foreign exchange reserves Pakistan central bank Pakistan forex reserves SBP Pakistan exchange reserves central bank reserves

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Abrar Hussain Aug 02, 2024 12:19pm
Astonished that a country tax collection is expected for 2024 is 45 to 46 Billion dollars, but we have only 9 billion in SBP. Of which Almost the fix deposit of three friendly countries.
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