The State Bank of Pakistan (SBP) announced that its foreign exchange reserves increased by $70 million to reach $11.516 billion during the week ending May 23. Despite this improvement, the SBP still needs to secure an additional $2.5 billion to meet its revised $14 billion foreign exchange reserve target before the end of the current […]
foreign exchange reserves
Pakistan’s foreign reserves climb to $10.3 billion after $118 million boost
KARACHI – The State Bank of Pakistan (SBP) has reported a rise of $118 million in its foreign exchange reserves, pushing the total to $10.3 billion. According to the latest data released on Friday, the central bank noted a steady inflow that contributed to this boost. This increase comes as a positive development for the […]
Pakistan’s foreign reserves rise slightly to $15.25 billion: SBP
The State Bank of Pakistan (SBP) reported a $9 million increase in foreign exchange reserves, reaching $10.21 billion as of April 25. This small gain comes after a sharp drop of $367 million the previous week. Pakistan’s total liquid foreign reserves now stand at $15.25 billion. Of this, commercial banks hold $5.04 billion, while the […]