ISLAMABAD: Pakistan’s total foreign exchange reserves increased by $39 million in one week, reaching $26.77 billion, according to the latest data released by the State Bank of Pakistan (SBP).
The SBP said its foreign exchange reserves rose to $21.4392 billion during the week under review, up by $39 million.
The country’s commercial banks held foreign exchange reserves of $5.3317 billion, taking the combined reserves held by the SBP and commercial banks to $26.7709 billion.
The latest increase in reserves reflects a rise in the country’s overall foreign exchange position, with the central bank continuing to hold the bulk of Pakistan’s total reserves.
According to the SBP data, reserves held by commercial banks accounted for $5.3317 billion of the total, while the remaining $21.4392 billion were held by the central bank.
The increase in foreign exchange reserves provides an important indicator of Pakistan’s external liquidity position and the availability of foreign currency within the banking system.
At the latest reported level, Pakistan’s total foreign exchange reserves stand at $26.7709 billion.