SBP reserves decreased by $110.4m in a week

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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