Overview
- State Bank of Pakistan reserves reached $14,455.2 million for the week ending October 17, up $14 million on the week.
- Commercial banks held $5,398.3 million, bringing total liquid foreign reserves to $19,853.5 million.
- The central bank has logged a run of small weekly increases in recent weeks, including gains of $21 million, $20 million, $21 million, and $22 million in prior weeks.
- Earlier in the summer, reserves were lifted by large one-time receipts, including $3,663 million from multilateral and commercial loans and $1,774 million from official inflows.
- A sharp drawdown occurred in the week ending June 20, when SBP reserves fell by $2,657 million to $9,064.5 million due to external debt repayments.