KARACHI: As of January 31, Pakistan’s total foreign exchange reserves stood at US$ 16.04 billion, according to the State Bank of Pakistan (SBP).
The SBP’s reserves increased by US$ 46 million, reaching US$ 11.41 billion during the week.
Meanwhile, Pakistan’s net foreign reserves held by commercial banks amounted to US$ 4.62 billion as of January 31.
“SBP reserves rose by US$ 46 million to US$ 11,418.3 million during the week ending January 31, 2025,” the central bank said.
For comparison, Pakistan’s total foreign exchange reserves were recorded at US$ 16.05 billion during the week ending January 24.
In related news, earlier this week, the SBP announced that newly designed currency notes would be introduced in 2025.
SBP Governor Jameel Ahmed mentioned that the new currency notes will be rolled out in phases, featuring updated designs, and would be sent to the federal cabinet for approval after technical evaluations.
He did not specify which denomination would be issued first.
According to the SBP, central banks typically introduce new banknote series every 15-20 years to enhance security features and incorporate the latest technological developments in banknote design.
