Join our Whatsapp channel

       KARACHI: The State Bank of Pakistan’s (SBP) foreign exchange reser-ves increased by $46 million during the week ending June 13.

       According to data released on Thursday, the reserves now stand at $11.721 billion, still significantly short of the $14bn target set for June 30.

       This leaves the central bank with a shortfall of $2.279bn and only 10 days remaining to bridge the gap.

       Central bank set to miss $14bn target by 30th

       Given the limited time, it appears unlikely that the State Bank will be able to meet its year-end target.

       The country’s total foreign exchange reser-ves currently stand at $17bn, which includes $5.28bn held by commercial banks.

       Published in Dawn, June 20th, 2025