Pakistan’s Total Foreign Reserves Reach at 9.34 Billion Dollars
The State Bank of Pakistan in a statement informed that foreign reserves of the central bank reserves increased by US$ 533 million to US$ 4,069.9 million as of June 23, 2023.
Meanwhile, net foreign reserves held by commercial banks stood at US$ 5,270.9 million, it added.
The rise in SBP’s foreign exchange reserves was mainly attributed to realisation of US$ 300 million proceeds of GoP commercial loan, it added.
According to SBP spokesperson the central bank had received US$ 300 million proceeds of GoP commercial loan during the previous week but those inflows were incorporated in the latest reserves position report as of June 23, 2023.
In the previous week ending on June 16, 2023, total liquid foreign reserves hold by the country was US$ 8,863.8 million.
Among them foreign reserves held by the central bank were US$ 3,536.9 million while net foreign reserves held by commercial banks were US$ 5,326.9 million.
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