- Total reserves: $14.2 billion, down $99.8 million
- SBP reserves: $9.1 billion, up $15.8 million
- Commercial Banks reserves: $5.1 billion, down by $115.6 million
KARACHI, Pakistan: The Country’s total liquid foreign reserves continued to fall for the fourth consecutive week, and further dropped by US$ 99.8 million to slip to US$ 14.2 billion by May 31, 2024.
The latest data released by the State Bank of Pakistan (SBP) showed that the total liquid foreign reserves held by the Country as of May 31, 2024 were US$ 14,215.6 million.
Pakistan’s Liquid Foreign Reserves Position (May 31, 2024):
SBP: $9.11bn (+$15.8m or +0.17%)
Commercial banks: $5.11bn (-$115.6m or -2.21%)
Total: $14.22bn (-$99.8m or -0.70%)
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The statistics showed that the Central Bank’s own reserves, however, rose by US$ 15.8 million to be recorded at US$ 9.1 billion.
The reserves held by the SBP stood at US$ 9,109.5 million in the week ended on May 31 whereas previously they were US$ 9,093.7 million.
Whereas the Commercial Banks had foreign reserves of US$ 5,106.1 million, showing a decrease of US$ 115.6 million.
