SBP reserves decreased by $110.4m in a week

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MG News | August 10, 2023 at 06:35 PM GMT+05:00

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August 10, 2023 (MLN): The foreign exchange reserves held by the State Bank of Pakistan (SBP) decreased by $110.4 million or 1.35% WoW to $8.04 billion during the week ended on August 04, 2023, according to the data released by the central bank on Thursday.

The decrease in SBP reserves was due to debt repayments.

Similarly, the country's total reserves fell by $124.6m or 0.93% WoW to $13.34bn.

The reserves held by commercial banks decreased by $14.2m or 0.27% WoW to $5.3bn.

Summary of Holding and Weekly Change
Foreign reserves held by August 04, 2023 July 27, 2023 Change % Change
State Bank of Pakistan 8043.4 8153.8 -110.40 -1.35%
Net Foreign Reserves Held by Banks 5295.7 5309.9 -14.2 -0.27%
Total Liquid Foreign Reserves 13339.1 13463.7 -124.6 -0.93%

Amount in USD Million

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