Karachi June 21 2022: Pakistan Central Bank clarified that as of 10th June 2022, SBP liquid foreign reserves stood at $8.99 billion. These do not include gold reserves, and are fully usable for all purposes.
The Central Bank further clarified that SBP has not stopped import payments and commercial banks have sufficient dollar liquidity to execute these payments. Indeed, import payments of around US$ 4.7 billion have been executed through the interbank market during the month so far.
SBP made this clarification as it has noticed certain rumors implying that SBP Reserves have dried up or are not usable, that SBP has stopped import payments, and that banks have run out of US$.