KARACHI: During the week that concluded on Sept 5, the foreign exchange reserves of the State Bank of Pakistan (SBP) rose by $34 million.
The central bank reported that total reserves increased to $14.336 billion. Nevertheless, the SBP did not reveal the origin of the recent rise.
The SBP typically acquires US dollars from the interbank market, and these acquisitions have been increasing. In FY25, the central bank acquired $7.8 billion from the banking sector.
Despite ongoing dollar purchases, the SBP has not returned to the reserve level seen at the end of FY25, which was over $14.5bn.
The nation’s overall foreign exchange reserves total $19.68 billion, with $5.344 billion managed by commercial banks.
Appeared in Dawn, September 12, 2025
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