SBP reserves decrease by 541m in a week

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MG News | July 27, 2023 at 08:35 PM GMT+05:00

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July 27, 2023 (MLN): The foreign exchange reserves held by the State Bank of Pakistan (SBP) diminished by $541.1 million or 6.2% WoW to $8.19 billion during the week ended on July 21, 2023, according to the data released by the central bank on Thursday.

The decrease was mainly due to external debt payments.

Similarly, the country's total reserves decreased by $531.2m or 3.78% WoW to $13.53bn.

The reserves held by commercial banks rose by $9.9m or 0.19% WoW to $5.35bn.

Summary of Holding and Weekly Change

Foreign reserves held by July 21, 2023 July 14, 2023 Change % Change
State Bank of Pakistan 8186.1 8727.2 -541.10 -6.2%
Net Foreign Reserves Held by Banks 5348 5338.1 9.9 0.19%
Total Liquid Foreign Reserves 13534.1 14065.3 -531.2 -3.78%

Amount in USD Million

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