KARACHI: Latest data from the State Bank of Pakistan showed that the country’s total reserves recorded an increase of $100,000, reaching a new level of $19.81 billion.
Over the past week, the State Bank’s reserves rose by $20.7 million, bringing the total to $14.44 billion, reflecting a steady increase in the central bank’s holdings.
In contrast, deposits in commercial banks experienced a decline of $20.6 million, reducing their total reserves to $5.36 billion, highlighting a minor contraction in the private banking sector.
Analysts suggest that the increase in the State Bank’s reserves indicates continued government efforts to stabilize foreign exchange levels, while the slight drop in commercial bank deposits may reflect short-term liquidity movements or repayments of foreign loans.
This trend underscores the delicate balance between central bank interventions and commercial banking activity in maintaining overall financial stability.
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