KARACHI: The total liquid foreign reserves of Pakistan touched a new high as they reached at US$ 23.29 billion in the week ending on May 28.
According to a statement issued by the State Bank of Pakistan on Thursday, SBP reserves increased by US$ 272 million to US$ 16,133.6 million, due to Government of Pakistan’s official inflows.
Out of total liquid foreign reserves of US$ 23,294.1 million, the net foreign reserves held by commercial banks stood at US$ 7,160.5 million.
According to SBP data, the highest ever foreign exchange reserves, earlier, were recorded US$ 23,098.5 million in fiscal year 2015-16 while since April 2021 an upward trend was being observed in liquid foreign reserves.
