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SBP-held foreign exchange reserves increase $75mn, now stand at $9.1bn

August 2, 2024
in Business
SBP-held foreign exchange reserves increase $75mn, now stand at $9.1bn

Foreign exchange reserves held by the State Bank of Pakistan (SBP) increased by $75 million on a weekly basis, clocking in at $9.10 billion as of July 26, data released on Thursday showed.

Total liquid foreign reserves held by the country stood at $14.39 billion. Net foreign reserves held by commercial banks stood at $5.29 billion.

“During the week ended on July 26, 2024, SBP reserves increased by US$ 75 million to US$ 9.102 billion,” the central bank said.

Last week, SBP foreign exchange reserves decreased by $397 million due to external debt repayments.

Tags: central bank reservesexchange reservesforeign exchange reservesForeign reservesforex reservesPakistan central bankPakistan forex reservesSBPSBP Pakistan
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