KARACHI: The total liquid foreign exchange reserves of the country have increased to $17.58 billion by March 25, 2019, State Bank of Pakistan (SBP) said on Thursday.
The central bank received RMB 15 billion equivalent to US$2.2 billion on March 25 as proceeds of the loan obtained by the government of Pakistan from China.
Accordingly, foreign exchange reserves held by the SBP stood at US$10.67 billion and total foreign exchange reserves of the country stood at US$17.58 billion.
KARACHI: Pakistan’s foreign exchange reserves have increased by $743 million to $15.709 billion with inflows of $1 billion from UAE.
The total reserves of the country increased to $15.709 billion by week ended March 15, 2019 as against $14.966 billion a week ago, according to data of State Bank of Pakistan (SBP) issued on Thursday.
During the week ending March 15, 2019, SBP received inflow of $1 billion from UAE as placement of funds.
After taking into account outflows relating to external debt and other official payments, SBP reserves increased by $716 million during the week, SBP said.
The official reserves of the central bank increased to $8.838 billion by week ended March 15 from the level of $8.122 billion a week ago.
Similarly, the foreign exchange reserves held by commercial bank have increased by $27 million to $6.87 billion from previous week’s level of $6.843 billion.
KARACHI: The foreign exchange reserves were flat at $14.966 billion by week ended March 08, 2019, State Bank of Pakistan (SBP) said on Thursday.
The foreign exchange reserves of the country increased by $10 million to $14.965 billion as compared with $14.956 billion a week ago.
The reserves held by SBP also increased by $6 million to $8.122 billion by week under review from $8.116 billion a week ago.
The reserves held by commercial banks posted $4 million increase to $6.843 billion from previous week’s level of $6.839 billion.
Pakistan’s foreign exchange reserves increase by $140 million to $14.956 billion
KARACHI: Pakistan’s liquid foreign exchange (forex) reserves witnessed a notable increase during the week ended March 1, 2025, according to data released by the State Bank of Pakistan (SBP) on Thursday. The total forex reserves rose by $140 million, reaching $14.956 billion, compared to $14.816 billion recorded in the previous week.
(more…)KARACHI: The total foreign exchange reserves of Pakistan increased by $21 million to $14.815 billion by week ended February 22, 2019 as compared with $14.794 billion a week ago, the State Bank of Pakistan (SBP) said on Thursday.
The reserves held by SBP, however, declined by $7 million to $8.036 billion as compared with $8.043 billion.
The reserves held by commercial bank increased by $28 million to $6.779 billion from $6.751 billion.
KARACHI: Pakistan’s total foreign exchange reserves declined by $101 million to $14.795 billion by week ended February 15, 2019 as compared with Rs14.895 billion a week ago, State Bank of Pakistan (SBP) said on Thursday.
During the week ending February 15, 2019, the official reserves of SBP were decreased by $163 million to $8.043 billion from $8.206 billion a week ago, due to external debt servicing and other official payments.
The reserves held by commercial banks however increased by $62 million to $6.751 billion as compared with $6.689 billion a week ago.
KARACHI — Pakistan’s foreign exchange reserves have witnessed a modest uptick, increasing by $10 million to reach $14.895 billion by the week ending February 08, 2019.
(more…)KARACHI: Pakistan foreign exchange reserves witnessed a notable increase of $83 million, reaching $14.885 billion by the week ending February 01, 2019, according to a statement from the State Bank of Pakistan (SBP) on Thursday.
This growth is compared to the reserves of $14.802 billion reported a week earlier, signifying a positive trend in the country’s financial stability.
The official reserves of the SBP, which play a crucial role in maintaining monetary stability and managing external challenges, experienced a boost as well. The SBP’s reserves surged by $38 million, reaching $8.192 billion by the week under review, compared to $8.154 billion as of January 25, 2018. This increase in the central bank’s reserves reflects the effectiveness of policies aimed at bolstering the country’s financial resilience.
Commercial banks, integral components of the financial landscape, also contributed to the overall growth in foreign exchange reserves. The reserves held by commercial banks increased by $44 million, totaling $6.692 billion in comparison to $6.648 billion reported the previous week. This surge in commercial banks’ reserves underscores a positive sentiment in the banking sector, which plays a vital role in facilitating economic activities and trade.
The rise in foreign exchange reserves is a welcome development for Pakistan, a country that has faced economic challenges over the past few years. It reflects positive economic indicators and an improvement in the balance of payments, potentially contributing to increased confidence among investors and creditors.
The State Bank of Pakistan has been actively implementing measures to stabilize the economy and manage external pressures. The increase in foreign exchange reserves aligns with the central bank’s efforts to create a robust economic foundation, ensuring that the country is better positioned to meet its financial obligations and support sustainable growth.
While the current surge in reserves is a positive signal, economic stakeholders will continue to monitor future developments to assess the sustainability of this trend. The global economic landscape, trade dynamics, and internal policies will play crucial roles in shaping the trajectory of Pakistan’s foreign exchange reserves in the coming months.
The SBP’s commitment to transparent communication and proactive financial management is essential in maintaining market confidence. As Pakistan navigates its economic challenges, the sustained growth of foreign exchange reserves provides a foundation for economic stability and resilience in the face of external uncertainties. The coming weeks and months will reveal the broader implications of this positive trend for Pakistan’s economic outlook.
KARACHI – Pakistan’s foreign exchange reserves witnessed a robust increase of $1.545 billion for the week ending January 25, 2019, primarily propelled by substantial inflows from Saudi Arabia and the United Arab Emirates (UAE), as reported by the State Bank of Pakistan (SBP) on Thursday.
(more…)SBP’s forex reserves have depleted by $265 million to reach $6.636 billion, according to official data released on Thursday.
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