SBP reserves rose by $61.3m in a week

MG News | July 13, 2023 at 07:27 PM GMT+05:00

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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.

**Summary of Holding and Weekly Change**
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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