SBP Reserves Rise $28M to Reach $14.30B This Week

The State Bank of Pakistan (SBP) reported a modest increase in its foreign exchange reserves, which rose by $28 million to reach $14.30 billion as of Friday.

According to the SBP’s weekly data release, this uptick reflects improved foreign inflows, which help maintain stability in the currency market and strengthen the country’s external sector outlook.

• Current SBP Reserves: $14.30 billion

• Weekly Change: +$28 million

• Reason: Improved inflows and stable payments

• Market Effect: Positive for rupee stability and import financing

Pakistan’s foreign exchange reserves have remained under close watch in recent years due to rising debt repayments, import pressures, and global commodity fluctuations.

The current increase, though marginal, comes as a positive sign for Pakistan’s economy as it works to stabilize after securing IMF support and implementing strict fiscal reforms.

Experts say the increment in reserves, though small, reflects ongoing financial discipline and timely inflows from external sources.

“Every increase in reserves, no matter how small, contributes to improving market confidence and reduces pressure on the rupee,” said a senior financial analyst.

They further added that consistent inflows from exports, remittances, and financial assistance will be crucial in maintaining a healthy reserves position.

• Positive Indicators:

• Supports import financing capacity

• Strengthens rupee-dollar parity

• Boosts investor and business confidence

• Challenges Ahead:

• Rising global oil prices may increase import costs

• Upcoming external debt repayments could strain reserves

• Dependence on IMF and multilateral inflows

The $28 million increase in SBP’s foreign exchange reserves, raising the total to $14.30 billion, marks a step forward in Pakistan’s efforts to stabilize its economy.

While the increase is encouraging, sustaining reserves at a comfortable level will depend on steady remittances, export growth, and continued financial support from global institutions.

For More  Visit: Nationbytes.pk