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Pakistan’s total liquid foreign reserves reach $13.256bn

Pakistan’s total liquid foreign reserves reach $13.256bn

Pakistan’s total liquid foreign reserves reach $13.256bn

KARACHI: The total liquid foreign reserves of Pakistan increased to $ 13,256.6 million while reserves held by State Bank reached $ 8,154.8 million in the week ended on January 5, 2023.

The State Bank of Pakistan, in a statement issued here on Thursday, informed that SBP’s reserves decreased by $ 66 million to $ 8,154.8 million due to debt repayments during the week under review.

Meanwhile, net foreign reserves held by commercial banks stood at $ 5,101.8 million, it added.

Total liquid foreign reserves held by the country, in the previous week ended on December 29, 2023, were $ 13,220.6 million. Among them, foreign reserves held by the central bank were $ 8,221.2 million while net foreign reserves held by commercial banks were $ 4,999.4 million.