The government should sit with the business community to chalk out a plan to enhance exports and earn foreign exchange in a sustainable manner. PHOTO: file
Foreign exchange reserves held by the State Bank of Pakistan (SBP) rose by $46 million in the week ending January 31, reaching $11.42 billion, according to data released on Thursday.
The total liquid foreign reserves held by the country stood at $16.04 billion, with net reserves held by commercial banks amounting to $4.62 billion. The central bank did not specify the reasons behind the increase in reserves.
In the previous week, SBP reserves had decreased by $76 million. The SBP’s weekly report noted, “During the week ended on 31-Jan-2025, SBP reserves increased by US$ 46 million to US$ 11,418.3 million.”
The rise comes amid ongoing efforts by the government to stabilise the foreign exchange position and manage economic challenges.
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