The State Bank of Pakistan’s (SBP) reserves rose by $16 million during the past week, bringing the total foreign exchange reserves to $19.6876 billion.
According to details, the SBP has released the latest figures of the country’s foreign exchange reserves. The figures showed that the State Bank holds $14.4716 billion, while the commercial banks possess $5.2160 billion in reserves.
Separately on Monday, the SBP decided to maintain the benchmark interest rate at 11 per cent for the next one and a half months, keeping its focus on stabilising the economy amid persistent inflation and external challenges.
The Monetary Policy Committee (MPC) chaired by SBP Governor Jameel Ahmad met in Karachi to review key economic indicators, including inflation trends, foreign exchange reserves, and the balance of payments position.
