SBP reserves fall by $70 million

BusinessSBP reserves fall by $70 million
  • Total reserves: $13.1 billion, down by $44 million
  • SBP reserves: $7.8 billion, down by $70 million
  • Commercial Banks reserves: $5.3 billion, up by $26 million

KARACHI, Pakistan: The State Bank of Pakistan’s (SBP) foreign reserves further fell to US$ 7.8 billion in the week ended on September 01, 2023.

Sharing the data on Friday, the Central Bank said that the total liquid foreign reserves held by the Country stood at US$ 13.1 billion as of September 01, 2023.

In the week ended on August 25, the Country had total reserves of US$ 13,171.1 million; however, a week later, they were reduced to US$ 13,126.7 million, down by US$ 44 million.

The data showed that the State Band had foreign reserves of US$ 7,779.3 million, down by US$ 70 million while US$ 5,347.4million were with the Commercial Banks as of September 01, registering an increase of US$ 26 million.SBP reserves fall by $70 million

Mati
Mati
Mati-Ullah is the Online Editor For DND. He is the real man to handle the team around the Country and get news from them and provide to you instantly.

Must read

Recent News

Moscow says it won’t allow US to silence UNSC on Israeli violence against Palestinians Monitoring Desk: Russian envoy in United Nations Vasily Nebenzya said that the UN Security Council should bring peace, stability and prosperity to the Middle East and Russia would not allow United States to silence UNSC over the issue of Gaza crisis. According to TASS news Agency, Nebenzya said that Moscow will continue to call for an end to violence against Palestinians and will not allow the US to muzzle the UN Security Council as Washington seeks to support Israel's operation in Gaza. "We will continue to stand firmly for ending violence against the Palestinians. Without a shadow of a doubt, we will continue to expose the abuses and sanctimony with which the US is handling the situation. We will not allow the Americans to gag the entire council with their hands in an effort to encourage further continuation of Israel's ruthless operation," he said in a speech at the Security Council.

Moscow won’t allow the US to silence the UNSC on Israeli violence against Palestinians

0
Monitoring Desk: Russian envoy to the United Nations Vasily Nebenzya said that the UN Security Council should bring peace, stability, and prosperity to the...

From Valdai to Margalla Dialogue —- All roads to Civilisations go through Islamabad

0
By Shazia Anwer CheemaThe emergent realities of global security are fundamentally transforming the frame of references and trajectorial approaches toward them. New security architecture...

12 more men in uniform embraced martyrdom for the motherland in Pakistan

0
Monitoring Desk: 12 more men in uniform embraced martyrdom for the motherland in Pakistan, said Inter Service Public Relations (ISPR) of the Pakistan Army.On...
Dr. Attia Anwar

Lifelong learning

0
By Dr. Attia AnwarAs we age, our minds and mental health become more important. We should try to maintain and improve them. Education is...
12th Defense Expo 'Ideas 2024' 'Weapons for Peace' a major step in defense diplomacy

12th Defense Expo ‘Ideas 2024’ ‘Weapons for Peace’ a major step in defense diplomacy

0
By Asghar Ali MubarakIdeas 2024, the global exhibition of defense equipment, will begin today at the Karachi Expo Center on November 19, in which...
Advertisement