As of July 2024 official reserve assets rise to $15.4 billion, Pakistan’s official reserve assets have increased to $15.41 billion. This is a rise from $15.36 billion recorded in June 2024. The month-on-month increase stands at $45.42 million, or 0.3%.
Changes in Foreign Currency Reserves
The foreign currency reserves, which include securities, currency, and deposits with central banks and banks both domestically and internationally, are now $5.06 billion. This represents a decrease from $5.76 billion the previous month, marking a decline of $696.47 million or 12.1%.
Gold Reserves
Official reserve assets rise to $15.4 billion, , encompassing gold deposits and swapped gold, have risen to $5.05 billion. This is an increase of $198.43 million or 4.1% from the previous month’s $4.85 billion.
Other Reserve Assets
Other reserve assets now total $4.85 billion. This reflects an increase of $825.1 million or 20.5% compared to $4.02 billion a month ago.
Special Drawing Rights (SDRs)
The SDRs have amounted to $452.92 million, a decrease of $281.64 million or 38.3% from $734.56 million in the previous month. SDRs are not a currency but an international reserve asset valued based on a basket of five currencies: the US dollar, euro, Chinese renminbi, Japanese yen, and British pound sterling.
Reserve Position in Funds
The reserve position in funds, representing Pakistan’s quota in the IMF, remains unchanged at $0.16 million.
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