SBP reserves rise $35m to $11.2bn

February 20, 2025 (MLN): The foreign exchange reserves held by the State Bank of Pakistan (SBP) increased by $34.9 million or 0.31% WoW to $11.2 billion during the week ended on February 14, 2025, data released by State Bank of Pakistan showed on Thursday.

Similarly, the country's total reserves increased by $85.3m or 0.54% WoW to $15.95bn.

The reserves held by commercial banks rose by $50.4m or 1.07% WoW to $4.75bn.

In the current fiscal year, SBP-held reserves have increased by $1.81bn or 19.3%.

Meanwhile, the current calendar year has seen a decrease of $509m or -4.35%.

Amount in USD Million

The Central Bank also released monthly data which shows its reserves having decreased by $313.4m to $11.4183bn in January 2025 from $11.7317bn a month ago.

Compared to $8.162bn from January 2024, SBP's reserves have increased by $3.25bn or 40%.

Net foreign reserves held by commercial banks stood at $4.18bn compared to $4.19bn from a month ago showing a decrease of $15.2m.

Compared to $4.43bn from a year ago, reserves of Banks have decreased by $251.9m.

Total liquid foreign reserves held by the country at the end of January 2025 stood at $15.59bn compared to $15.93bn from the previous month showing a net decrease of $328.6m.

Compared to the corresponding month from last year, Pakistan's total reserves increased by $3bn or 23.86%.

Copyright Mettis Link News