Thursday, July 4, 2024 06:21 PM
State Bank of Pakistan's Foreign Reserves Stable
- Total liquid foreign reserves reach $13,441.7 million
- State Bank holds $8,040.3 million, commercial banks hold $5,401.4 million
- Minor decrease of $0.1 million in central bank's reserves
Image Credits: Business RecorderPakistan's total liquid foreign reserves have reached $13,441.7 million, with the State Bank holding $8,040.3 million. Despite a minor decrease, the country maintains a stable position in its foreign reserves, crucial for economic stability.
Pakistan's total liquid foreign reserves have reached $13,441.7 million as of the week ending on April 5, 2024. Among these reserves, the State Bank holds $8,040.3 million, while commercial banks hold $5,401.4 million.
According to a statement from the State Bank of Pakistan, there was a slight decrease of $0.1 million in the central bank's foreign exchange reserves during the review week. In the previous week, ending on March 29, 2024, the total liquid foreign reserves were $13,378.9 million, with the State Bank holding $8,040.4 million and commercial banks holding $5,338.5 million.
This data indicates a stable position in Pakistan's foreign reserves, with a minor fluctuation in the central bank's holdings. The country continues to maintain a healthy level of liquid foreign reserves, which is crucial for ensuring stability in its economy and managing external financial obligations.
