In the financial update for the week ending July 5, 2024, Pakistan reported a notable increase in its total liquid foreign reserves, reaching US$ 14,644.7 million. This reflects a positive trend in the country’s economic stability. Of this amount, the reserves held by the State Bank of Pakistan (SBP) stood at $ 9,405.1 million, marking a $16 million increase compared to the previous week. Simultaneously, commercial banks in Pakistan reported net foreign reserves amounting to $ 5,239.6 million, underlining their role in bolstering the nation’s financial strength.
Comparatively, in the preceding week ending June 28, 2024, Pakistan’s total liquid foreign reserves were reported at $ 14,573 million. During that period, the SBP held reserves amounting to $ 9,389.5 million, with commercial banks contributing $ 5,183.5 million to the overall reserves pool. This indicates a steady growth trajectory in the country’s foreign reserves, supported by prudent financial management and strategic initiatives aimed at ensuring economic resilience and stability.
