Pakistan’s Liquid Foreign Reserves Position

Pakistan’s Liquid Foreign Reserves Position

The total liquid foreign reserves held by the country stood at US$ 9,838.5 million as of 07-Jul-2023. The break-up of the foreign reserves position is as under:

Foreign reserves held by the State Bank of Pakistan: US$ 4,524.0 million
Net foreign reserves held by commercial banks : US$ 5,314.5 million
Total liquid foreign reserves : US$ 9,838.5 million

During the week ended on 07-Jul-2023, SBP reserves increased by US$ 61 million to US$ 4,524.0 million. Subsequently, during the current week, SBP received inflow of $2.0 billion from the Kingdom of Saudi Arabia; $1.0 billion from United Arab Emirates; and around $1.2 billion from IMF. These inflows will be reflected in SBP’s FX reserves for the week ending on 14-Jul-2023.