- Total reserves: $14.33 billion, down $368.1 million
- SBP reserves: $9.02 billion, down $396.5 million
- Commercial Banks reserves: $5.31 billion, up by $28.4 million
KARACHI, Pakistan: The Country’s total foreign reserves fell by US$ 368.1 million to stand at US$ 14.33 billion as of July 19, 2024.
The latest statistics released by the State Bank of Pakistan (SBP) showed that the total liquid foreign reserves held by the Country as of July 19, 2024 were US$ 14,335.4 million.
Pakistan’s Liquid Foreign Reserves Position (Jul 19, 2024)
SBP: $9.03bn (-$396.5m or -4.21%)
Commercial banks: $5.31bn (+$28.4m or +0.54%)
Total: $14.34bn (-$368.1m or -2.50%)https://t.co/yqzlZvg1fP pic.twitter.com/Vj6TGqckGt
— Mettis Global (@MettisGlobal) July 25, 2024
The statistics showed that the Central Bank’s own reserves also witnessed a decrease of US$ 396.5 million to be recorded at US$ 9.02 billion.
The reserves held by the SBP stood at US$ 9,027.2 million in the week ended on July 19 whereas previously they were US$ 9,423.7 million.
Whereas the Commercial Banks had foreign reserves of US$ 5,308.2 million, showing an increase of US$ 28.4 million.
