Pakistan’s total foreign reserves soar to $13.53b

ISLAMABAD (INP): The total liquid foreign reserves of Pakistan stood at US$13,534.1 million while reserves held by the State Bank of Pakistan climbed to $8,186.1 million.
The State Bank of Pakistan, in a statement, informed that SBP’s reserves decreased by US$ 541 million to US$ 8,186.1 million mainly due to external debt repayments during the week ended on July 21, 2023. Meanwhile, net foreign reserves held by commercial banks stood at US$5,348 million, the SBP added. In the previous week ending on July 14, 2023, total liquid foreign reserves held by the country was US$14,065.3 million.
Among them, foreign reserves held by the central bank were US$8,727.2 million while net foreign reserves held by commercial banks were US$5,338.1 million.