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       KARACHI: The foreign exchange reserves held by the State Bank of Pakistan (SBP) rose $49 million to $11.146bn during the week ended on March 14.

       Without disclosing the source of this inflow, the central bank announced on Thursday that the country’s overall reserves reached $16.015bn, including $4.869bn held by the commercial banks.

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       The SBP reserves increased from $9.436bn in August 2024 to $12.037bn in November. However, since then, they have been falling, making it difficult for the SBP to reach the $13bn target set for FY25.

       Published in Dawn, March 21st, 2025