KARACHI: The foreign exchange reserves held by the State Bank of Pakistan (SBP) increased by $34 million during the week ending Sept 5.

According to the central bank, total reserves rose to $14.336 billion. However, the SBP did not disclose the source of the latest increase.

It is customary for the SBP to purchase US dollars from the interbank market, and these purchases have been rising. During FY25, the central bank bought $7.8bn from the banking market.

Despite continued dollar buying, the SBP has not yet recovered to the reserve level recorded at the close of FY25, which stood above $14.5bn.

The country’s total foreign exchange reserves stand at $19.68bn, including $5.344bn held by commercial banks.

Published in Dawn, September 12th, 2025