KARACHI: The State Bank of Pakistan’s (SBP) foreign exchange reserves increased by a meagre $19 million to $9.423 billion during the week ended July 12.

The SBP reserves have been increasing for several weeks, which has ensured currency stability. The exchange rate largely depends on the central bank’s ability to pay foreign debts promptly.

Experts say the country will have to pay a large amount at the end of this month or in the first week of August for debt servicing.

During the week, the country’s overall reserves increased to $14.703bn, including $5.279bn of commercial banks.

Published in Dawn, July 19th, 2024

Follow Dawn Business on Twitter, LinkedIn, Instagram and Facebook for insights on business, finance and tech from Pakistan and across the world.

Opinion

Editorial

Security challenges
Updated 08 Sep, 2024

Security challenges

It has been clear for a while that local populations in areas currently most affected by terrorism and militancy still do not want grand operations.
Irsa law changes
08 Sep, 2024

Irsa law changes

THE proposed controversial changes to the Irsa law, which aim to restructure the water regulator, will significantly...
Gaza polio campaign
08 Sep, 2024

Gaza polio campaign

AFTER 11 months of savage Israeli violence, Gaza’s health and sanitation systems have collapsed. As a result, the...
Furtive measures
Updated 07 Sep, 2024

Furtive measures

The entire electoral exercise has become riddled with controversy, yet ECP seems unwilling to address the lingering questions about the polls.
PCB hot seat
Updated 07 Sep, 2024

PCB hot seat

MOHSIN Naqvi is facing criticism from all quarters. Pakistan’s cricket board chief, who is also the country’s...
Rapes most foul
07 Sep, 2024

Rapes most foul

UNTIL the full force of the law is applied on perpetrators, insecurity will stalk Pakistan’s girl children and...