State Bank Reserves Increase by Over Two Million Dollars

The State Bank of Pakistan (SBP) has reported a marginal increase in the country’s foreign exchange reserves for the week ending October 10.

Pakistan’s total foreign exchange reserves reached $19.81 billion, according to the central bank’s statement, showing a marginal improvement over the previous week.

The data showed that the SBP’s reserves increased by $2.07 million, taking the total to $14.44 billion, while the reserves of commercial banks decreased by $2.06 million, now at $5.36 billion.

This resulted in a cumulative increase of about $100,000 in the country’s total reserves during the week.

Experts said the marginal improvement indicates stable external funding and controlled outflows, reflecting the government’s continued efforts to strengthen Pakistan’s fiscal stability.