Pakistan’s foreign reserves reach at $ 13.248 billion

KARACHI: The total liquid foreign reserves of Pakistan stood at US$ 13,248.4 million while reserves held by the central bank reached at $ 7,930.5 million.

The State Bank of Pakistan, in a statement issued here on Thursday, informed that SBP’s reserves decreased by $ 125 million to US$ 7,930.5 million on account of debt repayments during the week ended on August 18, 2023.

Meanwhile, net foreign reserves held by commercial banks stood at US$ 5,317.9 million, it added.

In the previous week ending on August 11, 2023, total liquid foreign reserves held by the country was US$ 13,379 million. A

Among them foreign reserves held by the central bank were $ 8,055.3 million while net foreign reserves held by commercial banks were US$ 5,323.7 million.