Pakistan’s liquid foreign reserves position declined

The total liquid foreign reserves held by the country stood at US$ 13,721.0 million as of 04-Nov-2022. The break-up of the foreign reserves position is as under:-

  • Foreign reserves held by the State Bank of Pakistan: US$ 7,957.0 million
  • Net foreign reserves held by commercial banks    : US$ 5,764.0 million
  • Total liquid foreign reserves                 : US$ 13,721.0 million

During the week ended on 04-Nov-2022, SBP’s reserves decreased by US$ 956 million to US$ 7,957.0 million due to external debt servicing. Major external debt repayments executed during the week include repayment of GoP commercial loans. Refinancing of these loans is in the process, which will improve foreign exchange reserves in the coming weeks.

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