The State Bank of Pakistan (SBP) has reported a slight increase in its foreign exchange reserves. According to the central bank’s weekly data, SBP’s reserves rose by $51 million to reach $9.153 billion as of August 2nd.
In total, the country’s liquid foreign currency reserves, including those held by commercial banks, amounted to $14.472 billion. The net foreign reserves held by banks increased by $29 million to $5.319 billion during the same period.
This small uptick in reserves follows a period of fluctuating foreign exchange reserves in Pakistan. While the increase provides some positive indication, it’s essential to monitor the country’s overall foreign exchange position to assess its economic stability.