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Data from the State Bank of Pakistan (SBP) reveals a weekly increase of $31 million in the foreign exchange reserves held by the central bank. As of October 6, SBP’s foreign currency reserves reached $7.647 billion, up from $7.615 billion on September 28.
The total liquid foreign currency reserves of the country, which includes reserves held by banks other than the SBP, amounted to $13.030 billion, marking a $1 million decrease from the previous week. The net reserves held by banks stood at $5.383 billion, showing a weekly decline of $32 million.
Read more : SBP Reserves Fall by $179 Million in One Week.
Arif Habib Limited reports that the current reserves are sufficient to cover imports for 1.65 months. Despite minor fluctuations on a weekly basis, the central bank’s reserves have generally remained stable around the $7.6 billion mark in recent weeks.
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