Pakistan’s Liquid Foreign Reserves Position

The total liquid foreign reserves held by the country stood at US$ 12,581.7 million as of 2-Dec-2022. The break-up of the foreign reserves position is as under:-

1. Foreign reserves held by the State Bank of Pakistan: US$  6,714.9 million
2. Net foreign reserves held by commercial banks :  US$  5,866.8 million
3. Total liquid foreign reserves                : US$ 12,581.7 million

During the week ended on 2-Dec-2022, SBP reserves decreased by US$ 784 million to US$ 6,714.9 million. This decline is on account of the payment of US$ 1,000 million against maturing Pakistan International Sukuk and some other external debt repayments. Some of the debt repayments were offset by inflows, mainly US$ 500 million received from Asian Infrastructure Investment Bank (AIIB).