The State Bank of Pakistan (SBP) reported a slight increase in its foreign exchange reserves, with a rise of $24 million on a weekly basis, according to data released by the central bank on Thursday.
As of September 20, the SBP’s foreign currency reserves were recorded at $9.53 billion, up from $9.51 billion on September 13. This modest increase reflects ongoing efforts to stabilize the country’s financial position.
In addition to the SBP’s reserves, the overall liquid foreign currency reserves held by Pakistan, which include net reserves held by banks other than the SBP, reached $14.873 billion. This marks an increase of $47 million compared to the previous week.
The net reserves held by banks were recorded at $5.34 billion, showing an increase of $23 million during the same period.