ISLAMABAD: Pakistan’s foreign exchange reserves rose by $596.5 million in January, providing temporary relief to the rupee and easing pressure on external financing needs, the State Bank of Pakistan said on Friday.
Official figures showed total liquid reserves stood at $21.33 billion in the week ending January 30, up $45.4 million from the previous week.
The central bank’s own holdings increased by $56.1 million to $16.15 billion, while commercial banks’ reserves declined by $10.7 million to $5.18 billion.
The State Bank said the overall monthly increase reflects inflows from external financing and routine government receipts, helping stabilize near-term balance-of-payments pressures.
Pakistan has been relying on multilateral support and bilateral inflows to manage external obligations, as authorities work to strengthen reserves and support currency stability.
