Foreign exchange reserves held by the State Bank of Pakistan (SBP) rose by $46 million in the week ending January 31, reaching $11.42 billion, according to data released on Thursday.
The total liquid foreign reserves held by the country stood at $16.04 billion, with net reserves held by commercial banks amounting to $4.62 billion. The central bank did not specify the reasons behind the increase in reserves.
In the previous week, SBP reserves had decreased by $76 million. The SBP’s weekly report noted, “During the week ended on 31-Jan-2025, SBP reserves increased by US$ 46 million to US$ 11,418.3 million.”
The rise comes amid ongoing efforts by the government to stabilise the foreign exchange position and manage economic challenges.
