KARACHI: Pakistan’s liquid foreign reserves stood at US$ 13,020 million while foreign reserves held by the State Bank reached $ 7,895.7 million in the week ending on March 01, 2024.
The State Bank of Pakistan, in a statement issued here on Thursday, informed that foreign exchange reserves held by the central bank decreased by $ 54 million to US$ 7,895.7 million due to debt repayments during the week under review.
Meanwhile, it added that net foreign reserves held by commercial banks stood at $ 5,124.3 million.
Total liquid foreign reserves held by the country, in the previous week ended on February 23, 2024, were $ 13,038.5 million.
Among them, foreign reserves held by the central bank were $ 7,949.6 million while net foreign reserves held by commercial banks were $ 5,088.9 million.
It should be noted that Pakistan is currently passing through financial crunch and seeking a fresh laon package from IMF. The international moneylender is pressing the the new government of the country to do more to secure the bailout package.
