KARACHI: Pakistan’s complete international trade reserves had been recorded at US$15.92 billion in the course of the week ended on February 21, ARY Information reported on Thursday, citing the State Financial institution of Pakistan (SBP).
Pakistan’s reserves held by the SBP decreased by US$ 21 million to US$ 11.22 billion throughout that point, the central financial institution stated in a press release.
Throughout the identical interval, Pakistan’s web international reserves held by business banks stood at US$4.7 billion.
“In the course of the week ended on 21-Feb-2025, SBP reserves elevated by US$ 21 million to US$ 11,222.4 million,” the SBP added.
Learn Extra: Finance ministry points month-to-month financial outlook report
Earlier on February 20, the SBP reported that Pakistan’s international trade reserves reached $15.94 billion as of February 14.
The SBP’s reserves noticed a $35 million improve to $11.2 billion throughout this era. In the meantime, business banks held $4.74 billion in web international reserves.
Earlier within the day, the finance ministry issued a month-to-month financial outlook report, saying that Pakistan’s economic system continued to display constructive developments within the first seven months of the present fiscal 12 months.
In its month-to-month financial outlook report, the finance ministry famous that the steep decline in inflation fostered a steady monetary setting, enabling the central financial institution to steadily cut back the coverage fee. Traders’ confidence is obvious within the convincing efficiency of Pakistan Inventory Change.
In line with the finance ministry’s report, in the course of the first six months of present fiscal 12 months, complete revenues grew by forty-two level 5 % to 9763.8 billion rupees in opposition to 6854 billion rupees final 12 months.