SBP reserves surge above $11bn, highest in 30 months

The country possessed $16.11 billion in liquid foreign reserves overall, according to a statement from the central bank. Commercial banks now have $5.09 billion in net foreign reserves under management.

SBP reserves rose by US$ 215 million to US$ 11,022.7 million during the week that concluded on October 11, 2024, according to the statement.

A explanation for the rise in reserves was not given by the central bank.

As of earlier on October 10, Pakistan has US$16.04 billion in total foreign exchange reserves for the week that ended on October 4, 2024.

The SBP’s holdings of Pakistani reserves rose by US$ 106 million to US$ 10.8 billion during that time, according per a central bank statement.