Pakistan’s SBP Foreign Exchange Reserves Rise to $9.38 Billion with $494 Million Influx
The central bank in a statement said that Pakistan’s reserves held by the SBP stood at US$9.38 billion after an increase of US$ 493.7 million.
The SBP statement read that the country’s reserves held by the commercial banks decreased by US$128 million to US$5.18 billion,
“During the week ended on 28-June-2024, SBP reserves increased by US$ 494 million to US$ 9,389.5 million due to official inflows from multilateral agencies,” the SBP added.
Earlier it was reported that Pakistan’s foreign exchange reserves stood at US$14.207 billion as of June 21.
According to a statement issued by the central bank, the SBP held US$8.8958 billion out of the country’s total liquid foreign reserves with commercial banks holding US$5.3115 billion.
The statement read that the SBP’s reserves decreased by US$239 million due to the payment of external loans.
“During the week ended on 21-June-2024, SBP reserves decreased by US$ 239 million to US$ 8,895.8 million due to external debt repayment,” the SBP’s statement read.
Mutib Khalid is a skilled content writer and digital marketer with a knack for crafting compelling narratives and optimizing digital strategies. Excel in creating engaging content that drives results and enhances online presence. Passionate about blending creativity with data-driven approaches, Mutib Khalid helps brands connect with their audience and achieve their goals.
