SBP reserves rose by $61.3m in a week

MG News | July 13, 2023 at 07:27 PM GMT+05:00
July 13, 2023 (MLN): The foreign exchange reserves held by the State Bank of Pakistan (SBP) rose by $61.3 million or 1.37% WoW to $4.52 billion during the week ended on July 07, 2023, according to the data released by the central bank on Thursday.
Similarly, the country's total reserves rose by $93m or 0.95% WoW to $9.84bn.
The reserves held by commercial banks rose by $31.7m or 0.6% WoW to $5.31bn.
It is worth noting that the deposits of $1.2bn from the International Monetary Fund (IMF), $1bn from United Arab Emirates, and $2bn from Saudi Arabia will be reflected in the week ending on July 14, 2023.
Foreign reserves held by | July 07, 2023 | June 30, 2023 | Change | % Change |
---|---|---|---|---|
State Bank of Pakistan | 4524 | 4462.7 | 61.3 | 1.37% |
Net Foreign Reserves Held by Banks | 5314.5 | 5282.8 | 31.7 | 0.6% |
Total Liquid Foreign Reserves | 9838.5 | 9745.5 | 93 | 0.95% |
Amount in USD Million
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