SBP reserves cross $14.3 Billion mark

KARACHI: State Bank of Pakistan (SBP) reported an increase in the country’s foreign exchange reserves during the week ending on September 5.

According to the central bank, Pakistan’s total foreign reserves rose by $214 million, reaching $19.68 billion. The SBP’s own reserves climbed by $338 million to $14.33 billion, showing positive momentum.

However, commercial banks’ reserves fell by $124 million, bringing their total down to $5.34 billion.

This weekly improvement reflects growing stability in the country’s external financial position.

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