Tag: Foreign Exchange Reserves

KARACHI: The total liquid foreign exchange reserves of Pakistan have declined by $231 million to $23.49 billion by week ended February 11, 2022, State Bank of Pakistan (SBP) said on Thursday.

The foreign exchange reserves of the country were $23.721 billion by week ended February 04, 2022.

The official reserves of the central bank fell by $241 million to $17.096 billion by week ended February 11, 2022 as compared with $17.337 billion a week ago.

However, the foreign exchange reserves held by commercial banks slightly increased by $10 million to $6.394 billion by week ended February 11, 2022 as compared with $6.384 billion a week ago.

Pakistan foreign exchange reserves rise to $23.72 billion

KARACHI: Pakistan’s foreign exchange reserves increased significantly to $23.72 billion owing to inflows from International Monetary Fund (IMF) and Sukuk proceeds.

The total liquid foreign exchange reserves of the country rose by $1.637 billion to $23.721 billion by week ended February 04, 2022.

The foreign exchange reserves of the country were $22.084 billion by week ended January 28, 2022, the State Bank of Pakistan (SBP) said on Thursday.

The official reserves of the State Bank increased by $1.61 billion to $17.337 billion by week ended February 04, 2022 as compared with $15.727 billion a week ago.

The SBP said that the rise in foreign exchange reserves due to inflows of $ 1,053 million received from IMF under EFF program and proceeds against Pakistan International Sukuk Bond issuance of $1,000 million.

The foreign exchange held by commercial banks also increased by $25 million to $6.384 billion by week ended February 04, 2022 as compared with $6.357 billion a week ago.

Pakistan’s forex reserves decline to $22.085 billion

KARACHI: Pakistan’s liquid foreign exchange reserves declined by $397 million to $22.085 billion by week ended January 28, 2022, the central bank said on Thursday.

The country’s foreign exchange reserves were at $22.482 billion by week ended January 21, 2022, the State Bank of Pakistan (SBP) said.

The official reserves of the central bank also declined by $462 million to $15.728 billion by week ended January 28, 2022 as compared with $16.19 billion a week ago. The SBP attributed the decline to external and other repayments.

The foreign exchange reserves held by commercial banks however increased by $65 million to $6.357 billion by week ended January 28, 2022 as compared with $6.292 billion a week ago.

Pakistan’s forex reserves plunge by $866 million

KARACHI: Pakistan’s liquid foreign exchange reserves plunged by $866 million to $22.482 billion by week ended January 21, 2022, the central bank said on Thursday.

The country’s foreign exchange reserves were at $23.35 billion by week ended January 14, 2022, the State Bank of Pakistan (SBP) said.

The official reserves of the central bank sharply declined by $846 million to $16.19 billion by week ended January 21, 2022 as compared with $17.036 billion a week ago.

The SBP attributed the decline to external and other repayments.

The foreign exchange reserves held by commercial banks also fell by $22 million to $6.292 billion by week ended January 21, 2022 as compared with $6.314 billion a week ago.

Pakistan’s foreign exchange reserves drop to $23.35 bn

KARACHI: Pakistan’s liquid foreign exchange reserves dropped by $551 million to $23.35 billion by week ended January 14, 2022, State Bank of Pakistan (SBP) said on Thursday.

The foreign exchange reserves of the country were at $23.901 billion by week ended January 07, 2022.

The official foreign exchange reserves of the SBP fell by $562 million to $17.036 billion by week ended January 14, 2022 as compared with $17.598 billion a week ago. The SBP attributed the fall in foreign exchange reserves to external debt and other payments.

The foreign exchange reserves held by commercial banks up by $11 million to $6.314 billion by week ended January 14, 2022 as compared with $6.303 billion a week ago.

Pakistan’s forex reserves decline by $118 million

KARACHI: Pakistan’s total liquid foreign exchange reserves declined by $118 million during a week, the State Bank of Pakistan (SBP) said on Thursday.

The foreign exchange reserves of the country were $23.901 billion by week ended January 07, 2022 as compared with $24.019 billion by week ended December 31, 2021.

The official reserves of the central bank came down by $88 million to $17.598 billion by week ended January 07, 2022 as compared with $17.686 billion a week ago.

Likewise, the foreign exchange reserves held by commercial banks declined by $30 million to $3.303 billion by week ended January 07, 2022 as compared with $6.333 billion a week ago.

Pakistan’s foreign exchange reserves fall to $24.27 billion

KARACHI: Pakistan’s foreign exchange reserves experienced a significant decline of $360 million during the week ending December 24, 2021, according to the State Bank of Pakistan (SBP). The drop in reserves highlights ongoing challenges in managing the country’s external accounts amid fluctuating global economic conditions.

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KARACHI: Pakistan’s foreign exchange reserves have declined by $395 million to $24.633 billion by the week ended December 17, 2021, the State Bank of Pakistan (SBP) said on Thursday.

READ MORE: SBP sets limits for sale of foreign exchange to individuals

The foreign exchange reserves of the country were $25.028 billion a week ago.

The official foreign exchange reserves of the SBP were reduced by $414 million to $18.153 billion by the week ended December 17, 2021, as compared with $18.568 billion a week ago.

READ MORE: State Bank reduces retention period for foreign exchange

The central bank said that its reserves had fallen mainly due to external debt repayment.

The foreign exchange reserves held by commercial banks however increased by $19 million to $6.479 billion by the week ended December 17, 2021, as compared with $6,460 billion a week ago.

KARACHI: Pakistan’s foreign exchange reserves declined by $123 million to $25.028 billion by the week ended on December 10, 2021, the State Bank of Pakistan (SBP) said on Thursday.

The foreign exchange reserves of the country were $25.151 billion by the week ended December 03, 2021.

The official reserves of the State Bank came down by $90 million to $18.568 billion by the week ended December 10, 2021 as compared with $18.658 billion a week ago.

Similarly, the foreign exchange reserves held by commercial banks fell by $33 million to $6.46 billion by the week ended December 10, 2021 as compared with $6.493 billion a week ago.

SBP’s forex reserves increase to $18.658 billion

KARACHI: The foreign exchange reserves of the State Bank of Pakistan (SBP) have increased to $18.658 billion after a deposit of $3 billion from Saudi Fund for Development (SFD).

READ MORE: Pakistan’s import cover reduces to two months

The SBP on Thursday said during the week ended December 03, 2021a deposit of US$ 3,000.0 million was received from Saudi Fund for Development. After accounting for external debt and other official payments, SBP reserves increased by $2.648 billion to $18.658 billion, the SBP added.

The total foreign exchange reserves of the country have increased by $2.652 billion to $25.151 billion by week ended December 03, 2021. The foreign exchange reserves were at $22.499 billion by week ended November 26, 2021.

The foreign exchange reserves held by commercial banks registered a nominal increase by $4 million to $6.493 billion when compared with $6.489 billion a week ago.