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Pakistan’s Foreign Reserves Edge to $21.25 Billion as SBP Adds $16 Million

The central bank paired a small reserves gain with sizable liquidity injections to steady short-term funding.

Overview

  • State Bank of Pakistan holdings stood at $16.0718 billion with a further $5.1766 billion at commercial banks as of January 9, official data show.
  • SBP signaled continued stabilization after recent volatility, following an earlier IMF allocation of SDR 914 million, or roughly $1.2 billion, that bolstered buffers.
  • The central bank injected a combined Rs358.5 billion through eight‑day operations, split between a Shariah‑compliant Mudarabah facility and a conventional reverse repo.
  • In the latest OMOs, SBP accepted Rs155.44 billion at a 10.55% return under Mudarabah and Rs201.17 billion at a 10.51% cut‑off rate via reverse repo.
  • The rupee inched up by one paisa to close at Rs279.96, while local gold and silver prices fell, with 24‑karat gold per tola down Rs3,700 and silver per tola down Rs150; India’s reserves rose to $687.19 billion, offering regional context.