Pakistan’s foreign reserves continue to rise

The total liquid foreign reserves held by the country stood at US$ 18,790.1 million on 03-July-2020. The break-up of the foreign reserves position is as under:-

  1. Foreign reserves held by the State Bank of Pakistan: US$ 12,041.6 million
  2. Net foreign reserves held by commercial banks : US$ 6,748.5 million
  3. Total liquid foreign reserves                 : US$ 18,790.1 million

During the week ended 03-July-2020, SBP reserves increased by US$ 811 million to US$ 12,041.6 million. This increase in reserves is primarily attributed to proceeds of US$1,000 million as GOP loan disbursement from China.

During the week, SBP also made government external debt payments of US$ 231.2 million.

Sharing is caring

Leave a Reply