Tag: Foreign Exchange Reserves

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.

KARACHI: Pakistan’s import cover has been reduced to two months with a reduction in official foreign exchange reserves of the State Bank of Pakistan (SBP) to $16.01 billion.

The import cover was 3.3 months in August 2021, according to analysts at Topline Securities.

According to the data released by the SBP, its official reserves were declined by $244 million to $16.01 billion by the week ended November 26, 2021, as compared with $16.254 billion a week ago.

The foreign exchange reserves of the country reduced by $275 million to $22.499 billion by the week ended November 26, 2021, as compared with $22.774 billion by the week ended November 19, 2021.

The foreign exchange reserves held by commercial banks also declined by $31 million to $6.489 billion by the week ended November 26, 2021 as compared with $6.52 billion a week ago.

Pakistan’s foreign exchange reserves slip to $23.55 bn

KARACHI: Pakistan’s foreign exchange reserves have declined by $776 million during a week owing to external debt repayment, the State Bank of Pakistan (SBP) said on Thursday.

The country’s foreign exchange reserves fell to $22.774 billion by the week ended November 19, 2021 as compared with $23.55 billion a week ago.

The reserves held by the SBP fell by $691 million to $16.254 billion by the week ended November 19, 2021 as compared with $16.945 billion a week ago. The central bank attributed the decline in its reserves to external debt repayment.

The foreign exchange reserves held by the commercial banks also came down by $85 million to $6.52 billion as compared with $6.605 billion a week ago.

Pakistan’s foreign exchange reserves slip to $23.55 bn

KARACHI: The liquid foreign exchange reserves of the country slipped by $476 million to $23.55 billion by the week ended November 12, 2021, the State Bank of Pakistan (SBP) said on Thursday.

The foreign exchange reserves of the country were at $24.026 billion by the week ended November 05, 2021.

The official reserves of the SBP also fell by $381 million to $16.945 billion by the week ended November 12, 2021, as compared with $17.326 billion a week ago.

The foreign exchange reserves maintained by commercial banks also declined by $95 million to $6.605 billion by the week ended November 12, 2021, as compared with $6.7 billion a week ago.

Foreign exchange reserves slightly up to $24.026 billion