Pakistan’s total foreign exchange reserves exceed $16b
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.
The rise comes amid ongoing efforts by the government to stabilise the foreign exchange position and manage economic challenges.