KARACHI: The foreign exchange reserves held by the State Bank of Pakistan (SBP) increased by $30 million to $9.466 billion during the week ended on Sept 6, announced the central bank on Thursday without disclosing the source of this inflow.

The SBP governor said on Thursday that the reserves are projected to reach $12bn by March and $13bn by June next year. The SBP has been buying dollars regularly from the interbank market to improve its reserves and make payments for debt servicing.

The country’s total foreign exchange reserves reached $14.79bn, including $5.33bn curently held by the commercial banks.

Published in Dawn, September 13th, 2024

Follow Dawn Business on Twitter, LinkedIn, Instagram and Facebook for insights on business, finance and tech from Pakistan and across the world.

Opinion

Editorial

A year later
Updated 08 Feb, 2025

A year later

A war of egos has been fought between a handful of individuals at the cost of the well-being of millions of ordinary Pakistanis.
Wheat decision
08 Feb, 2025

Wheat decision

THE federal decision to stop setting the minimum support price for wheat and cease the staple’s procurement...
Dhanmondi attack
08 Feb, 2025

Dhanmondi attack

HISTORY has shown that unless states deliver development and equal rights to all, disenfranchised people can target...
Depopulating Gaza
Updated 07 Feb, 2025

Depopulating Gaza

The least feasible "solution" is the Trumpian plan for Gaza’s ethnic cleansing and occupation, which is a non-starter.
‘Pause’ in US aid
07 Feb, 2025

‘Pause’ in US aid

THE impact of the Trump administration’s decision to ‘pause’ all US foreign aid programmes, especially those...
Mobilising opposition
07 Feb, 2025

Mobilising opposition

POLITICS makes strange bedfellows. There has not, for quite some time, been a guest list as intriguing as the one...