- Total reserves: $13.37 billion, down by $48.7 million
- SBP reserves: $8.04 billion, up $18.5 million
- Commercial Banks reserves: $5.33 billion, down by $67.2 million
KARACHI, Pakistan: The total liquid foreign reserves held by the Country fell by US$ 48.7 million by March 29, 2024 to be recorded at US$ 13.37 billion, according to the State Bank of Pakistan (SBP).
The latest data shared by the Central Bank showed that the Country’s total liquid foreign reserves as of March 29, 2024 were US$ 13,378.9 million.
Liquid Foreign Exchange Reserves: 29-Mar-2024
Total reserves: $ 13.4bn, down by $ 49mn
SBP reserves: $ 8.0bn, up by $ 19mn
Banks reserves: $ 5.3bn, down by 67mn
Import cover: 1.55 months
@StateBank_Pak #SBP #FXReserves #Pakistan #Economy #AHL pic.twitter.com/llKoy1S9z5— Arif Habib Limited (@ArifHabibLtd) April 4, 2024
However, according to the statistics, the Central Bank’s own reserves witnessed an increase of US$ 18.5 million to reach US$ 8.04 billion.
The reserves held by the SBP stood at US$ 8,040.4 million in the week ended on March 29 whereas previously they were US$ 8,021.9 million.
Whereas the Commercial Banks had foreign reserves of US$ 5,338.5 million, showing a decrease of US$ 67.2 million.
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