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

Not cricket
Updated 06 Apr, 2025

Not cricket

It is high time that the PCB sets things right; even if it demands a complete overhaul of the system.
Balochistan deadlock
06 Apr, 2025

Balochistan deadlock

THE state’s efforts to stifle political activity in Balochistan are unlikely to improve the situation, and instead...
Escalating brutality
06 Apr, 2025

Escalating brutality

ISRAEL’S war against Gaza is not a campaign against Hamas — it is a war against a people. The latest ground...
Electricity relief
Updated 05 Apr, 2025

Electricity relief

If govt ensures that requisite power reforms are implemented, it will earn much praise for reforming a vital segment of the economy.
Trump’s trade wars
Updated 05 Apr, 2025

Trump’s trade wars

Shoddy math applied by US to indiscriminately penalise its trading partners signals the end of an era of global trade liberalisation.
Legalised land grab
Updated 05 Apr, 2025

Legalised land grab

The Modi government from its inception has been attacking India’s minorities, the largest such community in its crosshairs being the Muslims.