Pakistan’s State Bank Reserves Increase by $13 Million, Totaling $8.05 Billion

The State Bank of Pakistan (SBP) reported a $13 million increase in its foreign exchange reserves on a weekly basis, reaching $8.05 billion as of February 9, according to data released on Thursday.

The country’s total liquid foreign reserves, including reserves held by commercial banks, amounted to $13.15 billion, with commercial banks holding $5.1 billion in net foreign reserves.

While the central bank did not specify the reason for the increase in reserves, it noted that during the week ending February 9, 2024, SBP’s reserves rose to $8,056.5 million.

This follows a decrease of $173 million in Pakistan’s central bank reserves reported in the previous week.

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