The total liquid foreign reserves held by the country stood at US$14,259.3 million on 05July2019.The break-up of the foreign reserves position is as under:-
Foreign reserves held by the State Bank of Pakistan : US$ 7,083.6 million
Net foreign reserves held by commercial banks : US$ 7,175.7 million
Total liquid foreign reserves : US$ 14,259.3 million
During the week ending 05July2019, SBP’s reserves decreased by US$189 million to US$7,083.6 million, due to payments on account of external debt servicing.
On 09July2019, SBP received the first tranche from IMF of US$991.4 million, after which SBP’s reserves increased to US$8,035.5 million.