- Total reserves: $14.5 billion, up by $1.1 billion
- SBP reserves: $9.1 billion, up $1.1 billion
- Commercial Banks reserves: $5.3 billion, up by $29 million
KARACHI, Pakistan: The Country’s total liquid foreign reserves rose by US$ 1.1 billion by May 03, 2024 to reach US$ 14.5 billion, according to the State Bank of Pakistan (SBP).
The latest data shared by the Central Bank showed that the total liquid foreign reserves held by the Country as of May 03, 2024 were US$ 14,458.9 million.
Liquid Foreign Exchange Reserves: 03-May-2024
Total reserves: $ 14.5bn, up by $ 1.1bn
SBP reserves: $ 9.1bn, up by $ 1.1bn (Highest since 15-Jul-2022)
Banks reserves: $ 5.3bn, up by 29mn
Import cover: 1.72 months
@StateBank_Pak #SBP #FXReserves #Pakistan #Economy #AHL pic.twitter.com/RVGNimC28Y— Arif Habib Limited (@ArifHabibLtd) May 9, 2024
The statistics showed that the Central Bank’s own reserves also witnessed an increase of US$ 1.1 million to stand at US$ 9.1 billion.
The reserves held by the SBP stood at US$ 9,120.3 million in the week ended on May 03 whereas previously they were US$ 8,006.0 million.
Whereas the Commercial Banks had foreign reserves of US$ 5,338.6 million, showing an increase of US$ 29 million.
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