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Pakistan’s FX Reserves Tick Up to $21.25 Billion as SBP Hoard Reaches $16.07 Billion

The small weekly gain follows an IMF SDR disbursement that recently bolstered the central bank’s buffers.

Overview

  • As of January 9, SBP foreign reserves rose by $16 million week over week to $16,071.8 million, according to official data.
  • Total liquid reserves stood at $21,248.4 million, with commercial banks holding $5,176.6 million.
  • Recent weekly increases continued after Pakistan received SDR 914 million—about $1.2 billion—from the IMF under the EFF and RSF.
  • To manage short-term liquidity, the SBP injected Rs358.5 billion through separate conventional and Shariah-compliant eight-day OMOs.
  • The rupee edged to 279.96 per US dollar in inter-bank trading, while local gold prices declined on Thursday.