The State Bank of Pakistan’s (SBP) foreign exchange reserves increased by $16 million over the past week, pushing the country’s total reserves to $19.6876 billion, according to the latest data released by the central bank.
The SBP’s own reserves stand at $14.4716 billion, while commercial banks hold $5.2160 billion, the report stated.
Meanwhile, in its latest Monetary Policy Committee (MPC) meeting held in Karachi and chaired by Governor Jameel Ahmad, the SBP decided to maintain the policy rate at 11% for the next six weeks.
The decision aims to support macroeconomic stability amid ongoing inflationary pressures and external sector challenges, the central bank said.
The MPC noted that while inflation remains persistent, foreign reserves have shown gradual improvement, reflecting stability in Pakistan’s external accounts.
