Pakistan’s foreign exchange reserves increased during the week ending August 9, 2024, with the State Bank of Pakistan (SBP) reporting a rise of US$119 million, bringing its reserves to US$9.27 billion.
As of the same date, Pakistan’s total foreign exchange reserves were recorded at US$14.64 billion. This total includes US$5.37 billion held by commercial banks.
The SBP detailed that its reserves increased to US$9,272.6 million over the week. This follows a report from August 8 stating that Pakistan’s total foreign exchange had previously risen by US$80 million to US$14.47 billion as of August 2.
In that earlier update, the reserves held by the SBP had grown by US$51.1 million, reaching US$9.15 billion, while those held by commercial banks had increased by US$29.1 million to US$5.31 billion. The SBP reserves for the week ending on August 2 were specifically noted to have reached US$9,153.3 million.
