KARACHI: The foreign exchange reserves of the country have increased by $39 million to $18.123 billion by week ended January 10, 2020 as compared with $18.084 billion a week ago, State Bank of Pakistan (SBP) said on Thursday.
The reserves held by the central bank increased by $83 million to $11.586 billion by week ended January 10, 2020 as against $11.503 billion a week ago.
The reserves held by commercial banks fell by $44 million to $6.537 billion as against $6.581 billion on weekly basis.
Economists noted that the marginal increase in foreign exchange reserves reflects a relatively stable external account position, supported by limited external inflows and manageable import payments during the week.
They added that fluctuations in commercial bank reserves are a routine feature of interbank foreign exchange activity, often influenced by corporate payments, trade settlements, and currency demand cycles. Analysts further highlighted that maintaining adequate reserve levels is crucial for ensuring import cover and stabilizing the rupee in the domestic currency market. Going forward, sustained inflows from remittances, exports, and multilateral financing will remain key to strengthening Pakistan’s overall external financial position.
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The information provided in this report is based on data released by the State Bank of Pakistan (SBP) and is intended for informational purposes only. While every effort has been made to ensure accuracy, figures are subject to revision and may change over time. This content does not constitute financial, investment, or trading advice. Readers are advised to consult official sources or financial professionals before making any economic or investment decisions. The publisher assumes no responsibility for any loss or damages arising from the use of this information.