blog

SBP reports USD 75mn gain in foreign exchange reserves

Muhammad Zohaib Nasir | August 2, 2024

The State Bank of Pakistan (SBP) reported a weekly increase of USD 75 million in its foreign exchange reserves, according to data issued on Thursday.

Read: SBP reports record USD 30.3bn in remittances for FY24

Key Figures

SBP Foreign Currency Reserves (July 26): USD 9.102 billion
Previous Week (July 19): USD 9.027 billion
Overall Liquid Foreign Currency Reserves: USD 14.392 billion
Net Reserves Held by Banks: USD 5.290 billion (down USD 19 million for the week)

This increase follows a significant decline in the previous week, indicating a positive shift in the country’s foreign exchange reserves.

Share on:

Muhammad Zohaib Nasir

As a graduate in English Literature, Zohaib believes that words are not just a mere figment of imagination. It takes wisdom to be good at them. Following this reason, he is pursuing his career as Public Relations and Content Specialist at Zameen.com.