SBP’s foreign reserves increased by $14.4m

The total liquid foreign reserves of Pakistan reached $13,373.7 million while foreign reserves held by the State Bank of Pakistan (SBP) stood at $8,054.7 million in the week ended on April 12, 2024.

State Bank of Pakistan, in a statement issued Thursday, informed that foreign exchange reserves held by the central bank increased by $14.4 million to $8,054.7 million during the week under review while SBP had also executed the repayment of $ 1 billion- comprising both principal as well as interest- on maturity of Pakistan’s International Bond.

Meanwhile, net foreign reserves held by commercial banks were recorded $5,319 million, it added.

Total liquid foreign reserves held by the country, in the previous week ended on April 5, 2024, were $13,441.7 million.

Among them foreign reserves held by the central bank were $ 8,040.3 million while net foreign reserves held by commercial banks were $ 5,401.4 million.