ISLAMABAD: After a slight addition, the total liquid foreign reserves of Pakistan stood at US$ 13,030.1 million whereas the reserves held by the central bank settled at of $ 7,646.7 million.
The State Bank of Pakistan, in a statement issued here on Thursday, informed that the reserves of the central bank went up by $ 31 million to settle at $ 7,646.7 million during the week ended on October 6, 2023. Meanwhile, net foreign reserves held by commercial banks stood at $ 5,383.4 million, the statement added.
Total liquid foreign reserves held by the country, during the week ending on September 28, 2023, were US$ 13.0308 billion. Among them, foreign reserves held by the SBP were $ 7.615 billion whereas the net foreign reserves held by commercial banks were $ 5.415 billion.
Pakistan’s Foreign Reserves
The country’s total reserves reached closed to $ 14.bn in July this year after it received first installment of the standby agreement from the IMF (International Monetary Fund), along with inflow from Saudi Arabia and United Arab Emirates. However, the reserves were later decreased due to debt repayment as part of the bilateral and multilateral agreement. It is expected the total reserves might reach to $14bn again after possible issuance of the second installment from the IMF in November.
