The State Bank of Pakistan (SBP) reported a slight increase of $14.4 million in its foreign exchange reserves over the past week, as per the latest figures released on Thursday.
As of April 12, the SBP’s reserves of foreign currency were noted at $8.054 billion, a marginal 0.18 percent rise from $8.04 billion recorded on April 7. However, these reserves are still insufficient to cover four weeks of essential imports.
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The total liquid foreign currency reserves of the nation, which include reserves held by banks other than the SBP, were $13.37 billion. This marks a decrease of $68 million or 0.5 percent from the previous week.
Reserves held by these banks decreased by $82.4 million, settling at $5.31 billion for the week.
Despite the SBP making a repayment of $1 billion for a maturing International Bond (principal plus interest) during the week, this transaction was not accounted for in the week’s reserve data.
