SBP reserves soar by $177 million in a week

KARACHI:State Bank of Pakistan (SBP) informed on Monday that Pakistan’s total liquid foreign reserves stood at $22,910.3 million on 07 May 2021.

The breakup of the foreign reserves position is as under: Foreign reserves held by SBP are $15,774.5 million while net foreign reserves held by commercial banks are$7,135.8 million.

During the week ended 07 May 2021, SBP reserves increased by $177 million to $15,774.5 million owing to GoP official inflows.