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Home Business & Stock

Pakistan’s total foreign reserves reach at $ 9.99 billion

MM News Staff by MM News Staff
May 11, 2023
Reading Time: 1 min read
Pakistan’s total foreign reserves reach at $ 9.99 billion

Pakistan’s total foreign reserves reach at $ 9.99 billion

KARACHI: The total liquid foreign reserves of Pakistan stood at US$ 9,990.4 million while reserves held by the central bank reached US$ 4,383.4 million.

The State Bank of Pakistan, in a statement issued here on Thursday, informed that foreign reserves of the central bank decreased by US$ 74 million to US$ 4,383.4 million due to external debt repayment during the week ended on May 05, 2023.

Meanwhile, net foreign reserves held by commercial banks stood at US$ 5,607 million, it added.

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In the previous week ending on April 28, 2023, total liquid foreign reserves held by the country was US$ 10,043.2 million.
Among them, foreign reserves held by the central bank were US$ 4,457.2 million while net foreign reserves held by commercial banks were US$ 5,586 million.

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