SBP reserves increase by $533m in a week
MG News | July 03, 2023 at 08:56 PM GMT+05:00
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.
| 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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