Finance Minister Mohammad Ishaq Dar Friday introduced that whole liquid overseas reserves of the nation have elevated to $14.06 billion.
In a tweet, the minister stated the State Financial institution of Pakistan’s (SBP) reserve place can be the very best since October final yr.
•Complete liquid overseas reserves at $14.06 billion.•SBP’s reserve place highest since October 2022.AlhamdoLilah!https://t.co/J99FKNammM
— Ishaq Dar (@MIshaqDar50) July 21, 2023
Moreover, the quantity of overseas change reserves held by the Central Financial institution has reached $8.072 billion, whereas the worth of deposits with industrial banks stands at $5.033 billion.
The central financial institution in a press release issued the day gone by knowledgeable that SBP acquired US$ 2.zero billion from the Kingdom of Saudi Arabia, US$1.2 billion from International Monetary Fund and US$ 1.zero billion from the United Arab Emirates.
Consequently, SBP reserves elevated by US$ 4,203 million to US$ 8,727.2 million throughout the week ended on July 14, 2023.
In the meantime, internet overseas reserves held by industrial banks stood at US$ 5,338.1 million, it added. Within the earlier week ending on July 07, 2023, whole liquid overseas reserves held by the nation was US$ 9,838.5 million.
Amongst them, overseas reserves held by the central financial institution had been US$ 4,524 million whereas internet overseas reserves held by industrial banks had been US$ 5,314.5 million.