Amid ongoing pressure on the nation’s external funding needs, the State Bank of Pakistan’s (SBP) foreign exchange reserves rose $35 million during the week ending February 14 to reach $11.20 billion, according to the most recent figures released on Thursday.
During the reviewed period, the nation’s total liquid foreign reserves were $15.95 billion. However, the source of these inflows was not disclosed by the central bank. At the same time, commercial banks had $4.75 billion in dollar reserves.
Repayments of external debt caused the central bank’s foreign exchange reserves to drop by $252 million to $11.17 billion in the week ending February 7.
The nation’s total foreign liquid assets fell $181 million to $15.863 billion. But last week, the reserves of the commercial banks increased by $70 million to $4.696 billion.
