Karachi: The State Bank of Pakistan (SBP) recorded a slight increase in its foreign exchange reserves during the week ending October 10, according to the latest data released by the central bank.
The State Bank’s statement revealed that the country’s total foreign exchange reserves stood at $19.81 billion as of October 10.
During the week, SBP’s reserves increased by $2.07 million to $14.44 billion, while commercial banks’ reserves declined by $2.06 million to $5.36 billion.
Overall, the figures indicate a net increase of about $100,000 in Pakistan’s foreign exchange reserves compared to the previous week.
Analysts believe the modest improvement reflects stable external funds and a cautious approach to debt repayment, which helps balance the country’s foreign exchange reserve position.
