May 7, 2021

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Pakistan’s Liquid Foreign Reserves rise to over $23bn

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Foreign reserves held by the State Bank of Pakistan (SBP): $16,427.8 million
Net foreign reserves held by commercial banks: $7,092.4 million
Total liquid foreign reserves: $23,520.2 million

On April 24, Prime Minister Imran Khan tweeted that cumulative inflows in Roshan Digital Account (RDA) crossed the $1 billion mark.

“Alhamdulillah, funds received through Roshan Digital Account have crossed $1bn. I would like to thank our overseas Pakistanis for their overwhelming response,” the prime minister wrote on Twitter.

During the week ended April 23, 2021, the reserves held by the central bank increased by $384 million to $16,427.8 million.

The net reserves held by banks other than the SBP fell from $7,168.9 million to $7,092.4 million.

The total liquid reserves, however, showed positive change upwards from $23,212.8 million to $23,520.2 million at the end of the week in concern.

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