Pakistan’s foreign exchange reserves drop by US$78.9m: SBP

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KARACHI: Pakistan s total liquid foreign exchange reserves decreased US$78.9 million and stood at US$13,262.5 million as of January 26, 2024, as reported by ARY News quoting the State Bank of Pakistan (SBP).

According to data issued by the central bank s spokesperson, foreign reserves held by the SBP decreased by US$54 million to US$8,216.5 million due to debt repayments during the week ended on 26th January 2024.

Giving a breakup of Pakistan s liquid foreign reserves position, the SBP revealed that foreign reserves of Pakistan held by commercial banks stood at US$5,046million.

Read More: Pakistan s foreign reserves stands at US$ 13,341.4m

Earlier on 25th January it was reported that Pakistan s total liquid foreign reserves stood at $13,341.4 million as of January 19, 2024.

As per data issued by the central bank s spokesperson, the SBP had received an IMF tranche under SBA and facilitated the government s external debt repayments during the week. After accounting for all flows, SBP s reserves recorded a net increase of $243 million, reaching $8,270.5 million.

Giving a breakup of Pakistan s liquid foreign reserves position, the SBP revealed that foreign reserves of Pakistan held by commercial banks stood at $5,070.9 million.

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