- Total reserves: $14.6 billion, up $365.7 million
- SBP reserves: $9.4 billion, up $493.7 million
- Commercial Banks reserves: $5.2 billion, down by $128 million
KARACHI, Pakistan: The total liquid foreign reserves held by the State Bank of Pakistan (SBP) reached US$ 9.4 billion, marking the highest level since July 7, 2022.
The latest statistics released by the Central Bank showed that the Country’s total foreign reserves jumped to US$ 14.6 billion by June 28, 2024 with an increase of US$ 365.7 million.
The data revealed that the total liquid foreign reserves held by the Country as of June 28, 2024 were US$ 14,573.0 million.
Pakistan’s Liquid Foreign Reserves Position (Jun 28, 2024):
SBP: $9.39bn (+$493.7m or +5.55%)
Commercial banks: $5.18bn (-$128m or -2.41%)
Total: $14.57bn (+$365.7m or +2.57%) pic.twitter.com/XJhfIxow2T
— Mettis Global (@MettisGlobal) July 4, 2024
The statistics showed that the Central Bank’s own reserves witnessed an increase of US$ 493.7 million to stand at US$ 9.4 billion.
The reserves held by the SBP stood at US$ 9,389.5 million in the week ended on June 28 whereas previously they were US$ 8,895.8 million.
Whereas the Commercial Banks had foreign reserves of US$ 5,183.5 million, showing a decrease of US$ 128 million.
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