Pakistan's central bank forex reserves rise 61 mln USD

By Staff Reporter | Xinhua Jul 15, 2023

ISLAMABAD, July 14 (Xinhua) -- The State Bank of Pakistan (SBP) said its foreign exchange reserves have increased by 61 million U.S. dollars.

During the week ending on July 7, the total foreign exchange reserves of Pakistan's central bank moved to around 4.5 billion dollars, the SBP said in a statement on Thursday night.

"Subsequently, during the current week, the SBP received inflows of 2 billion dollars from Saudi Arabia, 1 billion dollars from the United Arab Emirates, and around 1.2 billion dollars from the International Monetary Fund," the statement said.

These inflows will be reflected in the SBP's reserves for the week ending on July 14, it added

Net foreign reserves held by commercial banks came at 5.3 billion dollars, the central bank said.

Total liquid foreign reserves held by the South Asian country stood at about 9.8 billion dollars, according to the SBP.

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