State Bank of Pakistan's reserves rise $33m

The State Bank of Pakistan’s foreign exchange reserves increased by $33 million, reaching $21.521 billion in the week that ended on Oct 23. Dawn reported the latest weekly figure on Oct 30, citing information released by the central bank on Thursday. The update covers the SBP’s holdings, rather than the country’s entire pool of liquid foreign reserves.

Pakistan’s total liquid foreign reserves were $26.754 billion for the reported week, according to the figures. Commercial banks held $5.232 billion of that amount, while the SBP held the separately reported $21.521 billion. The release therefore provides a breakdown between central bank and commercial bank holdings, alongside the week-on-week increase in the SBP’s reserves.