KARACHI (Dunya News) – Pakistan’s foreign exchange reserves rose by $16 million during the week, with the State Bank of Pakistan’s (SBP) reserves increasing to $21.47 billion, according to data released by the central bank on Thursday.
The SBP reported that its foreign exchange reserves stood at $21.4695 billion following the weekly increase.
Meanwhile, foreign exchange reserves held by commercial banks were recorded at $5.3938 billion, according to the latest figures.
Pakistan’s total liquid foreign exchange reserves, including holdings of the central bank and commercial banks, increased to $26.8633 billion.
The latest figures provide an update on the country’s external financial position. Foreign exchange reserves are used to support international payments and help meet external financing requirements.