Liquid foreign reserves rise above 10 billion
March 25, 2023 01:38 AM
The total liquid foreign reserves of Pakistan crossed USD 10 billion mark while reserves held by the central bank reached nearly USD 4.6 billion, reported the 24NewsHD TV channel.
The State Bank of Pakistan, in a statement issued on Friday, informed that the total liquid foreign reserves held by the country stood at US$ 10,139.2 million as of March 17, 2023.
SBP received US$ 500 million as GoP commercial loan disbursement and after accounting for external debt repayments, SBP reserves increased by US$ 280 million to US$ 4,598.7 million during the aforementioned week, SBP spokesperson informed.
Meanwhile, net foreign reserves held by commercial banks stood at US$ 5,540.5 million, it added.
In the previous week ended on March 10, the total liquid foreign reserves held by the country was US$ 9,846.8 million. Among them, foreign reserves held by the SBP were US$ 4,319.1 million while net foreign reserves held by commercial banks were US$ 5,527.7 million.