Pakistan's forex reserves rise by $106.2 million: SBP
Business
Pakistan’s foreign exchange reserves increased by $106.2 million to $21.40 billion for week ending February 20, driven by gains in SBP and commercial bank holdings.
KARACHI (Dunya News) – The State Bank of Pakistan (SBP) on Thursday released its weekly data showing an increase of $106.2 million in the country’s foreign exchange reserves.
According to the central bank’s statement, total liquid foreign reserves stood at $21.40 billion during the week ending February 20, reflecting the reported increase.
The SBP’s own reserves rose by $16 million over the week, reaching $16.21 billion.
Meanwhile, reserves held by commercial banks recorded a larger increase of $90 million, climbing to $5.19 billion.
The latest figures indicate a modest improvement in the country’s external position amid ongoing efforts to stabilise the economy.
