The whole liquid overseas reserves of Pakistan stood at US$13,534.1 million whereas reserves held by the central financial institution reached $8,186.1 million.
The State Financial institution of Pakistan, in a press release issued right here on Thursday, knowledgeable that SBP’s reserves decreased by US$ 541 million to US$ 8,186.1 million primarily attributable to exterior debt repayments through the week ending on July 21, 2023.
In the meantime, internet overseas reserves held by business banks stood at US$ 5,348 million, it added.
Within the earlier week ending on July 14, 2023, complete liquid overseas reserves held by the nation was US$14,065.three million.
Amongst them, overseas reserves held by the central financial institution have been US$8,727.2 million whereas internet overseas reserves held by business banks have been US$5,338.1 million.
Yesterday, it was reported that the State Financial institution of Pakistan (SBP) will announce the primary financial coverage fee of the fiscal yr 2023-24 on July 31.
In keeping with a press release issued, the central financial institution introduced convening a gathering of the Financial Coverage Committee (MPC) on July 31 that might overview the general monetary place of the nation, financial indicators in addition to efficiency of various inner and exterior sectors and resolve in regards to the Financial Coverage. SBP Governor Jameel Ahmed will announce the financial coverage.
