KARACHI: Pakistan’s complete overseas change reserves had been recorded at US$15.94 billion in the course of the week ended on February 14, ARY Information reported citing the State Financial institution of Pakistan (SBP).
Pakistan’s reserves held by the SBP elevated by US$ 35 million to US$ 11.2 billion in the course of the time, the central financial institution stated in a press release.
Throughout the identical interval, Pakistan’s web overseas reserves held by business banks stood at US$4.74 billion.
“In the course of the week ended on 14-Feb-2025, SBP reserves elevated by US$ 35 million to US$ 11,201.5 million,” the SBP added.
Earlier final week, the SBP reported that Pakistan’s complete overseas change reserves had been recorded at US$15.86 billion in the course of the week ended on February 7.
The SBP stated on February 18 that Pakistan has achieved a big milestone in its financial journey, recording a present account surplus of US$682 million in the course of the first seven months of the present fiscal yr (2024-25).
Based on the central financial institution, the present account surplus of US$682 million from July 2024 to January 205 marks a considerable enchancment from the identical interval final yr, which noticed a deficit of over $1.8 billion.
Based on the SBP, in January 2025, the present account deficit stood at $420 million, in comparison with a surplus of $474 million in December 2024.
Regardless of the deficit in January, the nation’s imports elevated by 11 p.c to $5.45 billion, whereas exports declined by 4 p.c to $2.94 billion. The commerce deficit for January surged by 37 p.c to $2.51 billion, whereas the deficit in commerce, companies, and earnings elevated by 26 p.c to $3.56 billion.