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SBP reserves increased by US$ 1,114 million

The total liquid foreign reserves held by the country stood at US$ 14,458.9 million as of 03-May-2024. The break-up of the foreign reserves position is as under:

Foreign reserves held by the State Bank of Pakistan: US$ 9,120.3 million

Net foreign reserves held by commercial banks    : US$ 5,338.6 million

Total liquid foreign reserves             : US$ 14,458.9 million

During the week ended on 03-May-2024, SBP reserves increased by US$ 1,114 million to US$ 9,120.3 million mainly due to receipt of US$1.1 billion from IMF as final tranche under SBA program.

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