SBP-held foreign exchange reserves rise $33mn to $21.52bn

The State Bank of Pakistan’s foreign exchange holdings climbed by $33 million in the week to October 23, reaching $21.52 billion, Business Recorder reported, citing central bank data. The rise followed a $19 million increase in the week ending October 16, when the SBP’s reserves were reported at $21.49 billion.

Pakistan’s total liquid foreign reserves were $26.75 billion on October 23, while commercial banks held net reserves of $5.23 billion. The figures provide a weekly update on the country’s reserve position, with the SBP component accounting for the larger reported share of total liquid reserves. For investors, changes in foreign exchange reserves are a key economic indicator tracked alongside currency and external-sector developments.