SBP reserves increase by $533m in a week

MG News | July 03, 2023 at 08:56 PM GMT+05:00

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July 03, 2023 (MLN): The foreign exchange reserves held by the State Bank of Pakistan (SBP) rose by $533 million or 15.07% WoW to $4.07 billion during the week ended on June 23, 2023, according to the data released by the central bank on Monday.

The increase is mainly attributed to realization of $300m proceeds of GoP commercial loan.

Similarly, the country's total reserves rose by $477m or 5.38% WoW to $9.34bn.

The reserves held by commercial banks fell by $56m or 1.05% WoW to $5.27bn.

**Summary of Holding and Weekly Change**
Foreign reserves held by	June 23, 2023	June 16, 2023	Change	% Change
State Bank of Pakistan	4069.9	3536.9	533	15.07%
Net Foreign Reserves Held by Banks	5270.9	5326.9	-56	-1.05%
Total Liquid Foreign Reserves	9340.8	8863.8	477	5.38%

Amount in USD Million

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