ECONOMIC DESK
KARACHI: Pakistan’s total liquid foreign exchange reserves fell to $19.66 billion during the week ending October 31, despite a modest rise in the State Bank of Pakistan’s (SBP) holdings.
According to the central bank’s weekly update, SBP’s reserves edged up by $31 million, reaching $14.50 billion. The gain, however, was offset by a decline in commercial bank reserves, which dropped by $55 million to settle at $5.16 billion.
A week earlier, on October 24, the country’s overall reserves stood slightly higher at $19.68 billion. At that time, the SBP held $14.47 billion, while commercial banks maintained $5.21 billion.
The latest figures reflect ongoing fluctuations in Pakistan’s external buffers, with commercial bank reserves largely driving the weekly decline.
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