Pakistan’s foreign reserves continued to slide

The total liquid foreign reserves held by the country stood at US$ 16,375.7 million as of 06-May-2022. The break-up of the foreign reserves position is as under:-

Foreign reserves held by the State Bank of Pakistan: US$ 10,308.7 million

Net foreign reserves held by commercial banks    : US$ 6,067.0 million

Total liquid foreign reserves                 : US$ 16,375.7 million

During the week ended on 06-May-2022, SBP reserves decreased by US$ 190 million to US$ 10,308.7 million due to external debt repayments.

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