ISLAMABAD: After a significant increase last week, the foreign exchange reserves held by the State Bank of Pakistan (SBP) went up further by $464 million in the week ending at December 29, to settle at $8.2 billion, as per data released on Thursday.
Meanwhile, total liquid foreign reserves held by the country settled at $13.2 billion, whereas the foreign reserves held by commercial banks settled at $5 billion. The central bank attributed the recent increase in reserves to the official government inflows.
SBP Reserves
After the recent addition, the reserves held by the SBP are now at the highest level since July 14, 2023, when the central bank reserves were increased by $4.2 billion to settle at $8.73 billion. That time Pakistan received the first tranche of around $1.2 billion from the International Monetary Fund (IMF) after the monetary body approved a new $3-billion Stand-By Arrangement (SBA).
