KARACHI: Pakistan’s foreign exchange reserves climbed to $16 billion by the end of last week, marking a positive development for the country’s external account.
According to the data released by the State Bank of Pakistan (SBP) on Thursday, total liquid forex reserves stood at $16.02 billion as of March 14, 2025, reflecting an increase of $87 million from $15.929 billion on March 7, 2025.
The increase was primarily driven by a rise in the SBP’s reserves, which grew by $49 million to reach $11.147 billion. Meanwhile, net foreign reserves held by commercial banks also saw an uptick of $38 million, bringing the total to $4.87 billion.
The rise in reserves comes amid improved foreign inflows, remittances, and external financing, providing some relief to Pakistan’s external account position.
Copyright Business Recorder, 2025
Comments
Comments are closed for this article.