KARACHI : The State Bank of Pakistan (SBP) has reported a weekly increase of $23 million in its foreign exchange reserves, according to data released by the central bank.
The SBP’s reserves now stand at $15.85 billion, up from the previous week’s level. Meanwhile, commercial banks also saw a modest rise of $1.7 million, bringing their total reserves to $5.44 billion.
Combined, Pakistan’s total liquid foreign exchange reserves increased by $24.5 million over the week, reaching $21.29 billion.
The marginal increase comes as the country continues to manage external account pressures and maintain reserve levels amid ongoing economic stabilization efforts.
Pakistan Likely to Secure $1.2 Billion IMF Tranche Soon
The executive board of the International Monetary Fund (IMF) is expected to approve the latest $1.2 billion tranche under Pakistan’s $7 billion, 37-month Extended Fund Facility (EFF), officials said.
A key agreement was reached between Pakistan and the IMF in March under a broader financial support programme. Additional access to funding running into billions of dollars is expected following approval.
The assistance has been aimed at stabilising the economy, strengthening foreign exchange reserves, and easing pressures on the balance of payments.
A series of economic reforms has already been undertaken by Pakistan. Measures have included subsidy reductions, tax system improvements, privatisation of state-owned enterprises, and reforms in the energy sector.
