Foreign exchange reserves held by the State Bank of Pakistan (SBP) increased by $71 million on a weekly basis, clocking in at $10.40 billion as of May 9, data released on Thursday showed.
Total liquid foreign reserves held by the country stood at $15.61 billion. Net foreign reserves held by commercial banks stood at $5.21 billion.
The central bank did not attribute any reason to the increase in the FX reserves.
“During the week ended on 09-May-2025, SBP reserves increased by US$ 71 million to US$ 10,403.1 million,” it said.
Last week, SBP foreign exchange reserves increased by $118mn to $10.33 billion.
The central bank on Wednesday said that it had received the second tranche of Special Drawing Rights (SDR) 760 million, equivalent to $1.02 billion, from the International Monetary Fund (IMF).
“The amount will be reflected in SBP’s foreign exchange reserves for the week ending on May 16, 2025,” the SBP said.
Comments
Comments are closed for this article.