Overview
- Pakistan’s total liquid reserves were $21.2484 billion for the week ended January 9, including $16.0718 billion with the SBP and $5.1766 billion with commercial banks.
- SBP-held reserves rose by $16 million week on week, extending a recent run of incremental gains in the central bank’s external buffers.
- The SBP injected Rs358.5 billion of liquidity via eight-day OMOs, accepting Rs155 billion through a Mudarabah facility at 10.55% and Rs201.17 billion via reverse repo at 10.51%.
- The rupee inched up by one paisa in inter-bank trading, closing at Rs279.96 per US dollar on the reported day.
- A prior step-up in SBP balances stemmed largely from SDR 914 million (about $1.2 billion) received from the IMF, while India’s reserves rose $392 million to $687.19 billion in the same week with gold holdings up $1.568 billion and foreign currency assets down $1.124 billion.