The foreign exchange reserves of the State Bank of Pakistan (SBP) increased slightly as of July 26, 2024, reaching $9.1 billion, up $75 million or 0.83% on a weekly basis.
The nation’s foreign reserves had been fluctuating steadily for the past week before this encouraging change. As opposed to this, Pakistan’s reserves increased somewhat over time, by $56.3 million or 0.39%, to total $14.39 billion.
On the other hand, reserves held by commercial banks decreased by $18.7 million, or 0.35%, to a total of $5.29 billion.
Overall trends for the current fiscal year point to a $287.3 million, or 3.06%, decline in the SBP’s reserves.
