Reserves rise to $16.1b on $46m boost

Pakistan's total liquid foreign reserves increased by $46 million to reach $16.1 billion. As of January 31, 2025, Pakistan's total liquid foreign reserves stood at $16,044.1 million, according to the State Bank of Pakistan (SBP). These reserves included $11,418.3 million held by the SBP and $4,625.8 million held by commercial banks. During the week ending January 31, SBP reserves increased by $46 million, reaching $11,418.3 million. Moreover, the SBP conducted an Open Market Operation (OMO) through a Reverse Repo Purchase (Injection) on February 6, 2025, injecting Rs1.1 trillion into the market. A total of nine quotes were received for a 4-day tenor, with an interest rate range of 12.11% to 12.05%. As per the OMO result, the SBP accepted Rs1,056.5 billion against the total offered amount of Rs1,094.8 billion for a 7-day tenor at an accepted rate of return of 12.07% per annum. A total of six quotes were accepted in this operation.