KARACHI: Foreign exchange reserves held by the State Bank of Pakistan (SBP) increased by $118 million to $10.332 billion for the period ending on May 2, announced the central bank, without disclosing the source of this inflow.
Bankers believe the rise was due to the SBP’s buying of dollars from the interbank market. It has a target of $14bn by the end of this fiscal year on June 30.
The country’s overall liquid foreign exchange reserves stood at $15.482bn, including $5.15bn held by the commercial banks.
Published in Dawn, May 9th, 2025
