SBP liquid reserves is down by $ 2,915m

 

Lahore: The State of Pakistan (SBP)’s total liquid reserves have decreased by US$ 2,915 million to US$ 12,047.3 million.

Pakistan’s total liquid foreign reserves held by the country stood at US$ 18,554.5 million as of 25-March-2022.
The break-up of the foreign reserves position is as under:-

i) Foreign reserves held by the State Bank of Pakistan: US$ 12,047.3 million
ii) Net foreign reserves held by commercial banks : US$ 6,507.2 million
iii) Total liquid foreign reserves : US$ 18,554.5 million

During the week ended on 25-March-2022, SBP reserves decreased by US$ 2,915 million to US$ 12,047.3 million. This decline reflects repayment of external debt, including repayment of a major syndicated loan facility from China. The rollover of this syndicated facility is being processed and is expected shortly.