SBP reserves fell by $70m in a week

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MG News | September 07, 2023 at 06:14 PM GMT+05:00

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September 07, 2023 (MLN): The foreign exchange reserves held by the State Bank of Pakistan (SBP) diminished by $70 million or 0.89% WoW to $7.78 billion during the week ended on September 01, 2023, according to the data released by the central bank on Thursday.

The decline in reserves was due to debt repayment.

Similarly, the country's total reserves declined by $44.4m or 0.34% WoW to $13.13bn.

The reserves held by commercial banks rose by $25.6m or 0.48% WoW to $5.35bn.

Summary of Holding and Weekly Change
Foreign reserves held by September 01, 2023 August 25, 2023 Change % Change
State Bank of Pakistan 7779.3 7849.3 -70.00 -0.89%
Net Foreign Reserves Held by Banks 5347.4 5321.8 25.6 0.48%
Total Liquid Foreign Reserves 13126.7 13171.1 -44.4 -0.34%

Amount in USD Million

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