SBP Reserves Hit a Four-Year High as Pakistan Awaits IMF Inflow

By Muhammad Haaris ⏐ 3 months ago ⏐

2 min read

Sbp Reserves Hit A Four Year High As Pakistan Awaits Imf Inflow

Foreign exchange reserves of the State Bank of Pakistan (SBP) hit a four-year high this week. The central bank reported a $22 million increase during the week ending November 7, pushing total reserves to $14.524 billion.

This figure has now surpassed the previously hit SBP reserves high of $14.506 billion.

Reserves improve but remain below FY21 peak. The latest numbers mark a strong recovery compared to past years. The current level is much higher than the $9.814bn reported in FY22. However, it still remains below the $17.298 billion peak seen in FY21.

Additionally, Pakistan’s total liquid foreign reserves now stand at $19.724 billion. Out of this, $5.199 billion is held by commercial banks.

Pakistan is also expected to receive $1.2 billion from the International Monetary Fund (IMF) next month. This inflow will further strengthen the SBP’s foreign exchange reserves and support overall stability.

Foreign Exchange Reserves, IMF, SBP

Muhammad Haaris

Bioscientist x Tech Analyst. Dissecting the intersection of technology, science, gaming, and startups with professional rigor and a Gen-Z lens. Powered by chai, deep-tech obsessions, and high-functioning anxiety. Android > iOS (don’t @ me).