KARACHI: The State Bank of Pakistan (SBP) reported a modest increase of $16 million in its foreign exchange reserves over the past week, pushing the country’s total reserves to **$19.6876 billion.
According to the latest data issued by the central bank, SBP’s own reserves now stand at $14.4716 billion, while commercial banks collectively hold $5.2160 billion.
Meanwhile, the SBP’s Monetary Policy Committee (MPC), chaired by Governor Jameel Ahmad, decided to keep the policy interest rate unchanged at 11 percent for the next six weeks. The decision aims to maintain economic stability amid ongoing inflationary pressures and external sector challenges.
During its meeting in Karachi, the MPC reviewed major economic indicators such as inflation dynamics, the balance of payments, and foreign exchange reserves, before concluding that maintaining the current rate would support ongoing stabilization efforts.
Read more: https://nayakashmir.com/pakistan-afghan-taliban-agree-to-extend-ceasefire-after-talks-in-istanbul/
