SBP reserves rose by $61.3m in a week

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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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