Tuesday, April 16, 2024

Pakistan’s Foreign Exchange Reserves Reach $20.40 Billion

As of December 4, 2020, total liquid foreign reserves kept by the country stood at $20.40 billion, according to the latest data released by the State Bank of Pakistan (SBP).

On a week-over-week (WoW) basis, gross liquid foreign exchange reserves rose by $ 160.6 million. The central bank’s net reserves have also risen to $187.6 million, while the net reserves of banks other than the central bank have fallen by $27 million.

The breakdown of the status of foreign reserves is as follows:

  • International reserves held by Pakistan’s State Bank amounted to $13.298 billion.
  • Commercial banks’ net foreign reserves stood at $7,103 billion.
  • Overall, the country’s gross liquid foreign reserves stood at 20.402 billion dollars.

Pakistan’s State Bank received $359 million last week from multilateral/bilateral sources, including $307 million from the Asian Development Bank (ADB).

The central bank also paid back $171 million in foreign debt accounts to various international lending agencies.

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