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8h ago

Pakistan’s SBP Reserves Rise $20 Million to $14.42 Billion in Week to Oct. 3

The central bank logged a fourth straight weekly gain despite repaying a $500 million Eurobond.

State Bank of Pakistan reports $20 Million increase in foreign reserves
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Overview

  • Pakistan’s total liquid foreign reserves were reported at $19,810.4 million for the week ended October 3.
  • SBP’s own holdings totaled $14,420.1 million after a $20 million weekly increase.
  • Commercial banks’ net foreign reserves stood at $5,390.3 million over the same period.
  • The SBP said it executed external debt repayments during the week, including a $500 million Pakistan Sovereign Eurobond.
  • The latest data extend a run of modest weekly gains, following June’s sharp drop on repayments and subsequent inflows that rebuilt buffers.