Karachi, February 6, 2025: Pakistan’s total foreign exchange reserves have exceeded $16.04 billion, following a $46 million increase in the State Bank of Pakistan’s (SBP) reserves during the week ending January 31, 2025, according to data released on Thursday.
The SBP’s reserves now stand at $11.42 billion, while commercial banks hold net reserves of $4.62 billion. The central bank did not specify the reasons behind the latest increase.
In contrast, SBP reserves had declined by $76 million in the previous week. The central bank’s weekly report stated:
“During the week ended on January 31, 2025, SBP reserves increased by $46 million to $11,418.3 million.”
The rise in reserves comes as the government continues efforts to stabilize the foreign exchange position and navigate ongoing economic challenges.
