- Total reserves: $14.77 billion, up $108.9 million
- SBP reserves: $9.40 billion, up $111.6 million
- Commercial Banks reserves: $5.37 billion, down by $2.7 million
KARACHI, Pakistan: The Country’s total foreign reserves appreciated by US$ 108.9 million in a week to stand at US$ 14.77 billion, according to the State Bank of Pakistan (SBP).
The latest statistics released by the Central Bank showed that the total liquid foreign reserves held by the Country as of August 23, 2024 were US$ 14,776.3 million.
Liquid Foreign Exchange Reserves: 23-Aug-2024
Total reserves: $ 14.8bn, up by $ 109mn
SBP reserves: $ 9.4bn, up by $ 112mn
Banks reserves: $ 5.4bn, down by 3mn
Import cover: 1.64 months
#SBP #FXReserves #Pakistan #Economy #AHL pic.twitter.com/p1xI06IACd— Arif Habib Limited (@ArifHabibLtd) August 29, 2024
Similarly, the State Bank’s own reserves also surged by US$ 111.6 million to reach US$ 9.40 billion.
The reserves held by the SBP were US$ 9,403.4 million in the week ended on August 23 whereas previously they were US$ 9,291.8 million.
However, the Commercial Banks had foreign reserves of US$ 5,372.9 million, witnessing a decrease of mere US$ 2.7 million.
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