ISLAMABAD: Pakistan’s total liquid foreign reserves reached $16,620 million as of November 29, 2024, reflecting a significant boost to the country’s financial stability. The State Bank of Pakistan (SBP) reported that its reserves increased by $620 million during the week, climbing to $12,038.3 million, primarily due to an official inflow of $500 million from the Asian Development Bank (ADB).
Commercial banks’ net foreign reserves stood at $4,581.7 million, maintaining a stable share of the overall reserves. The combined reserves highlight Pakistan’s efforts to strengthen its external financial position amidst economic challenges.
The infusion from ADB marks a critical addition to SBP’s reserves, aiding in foreign exchange management and stabilizing the rupee. Such inflows are pivotal for meeting international obligations and financing essential imports.
