Philippines, South Africa, Pakistan See Foreign Reserves Rise in February

As of the end of February, the Philippines' gross foreign reserves rose to $106.7 billion, providing a solid liquidity buffer equivalent to 7.5 months of imports, according to the central bank. In South Africa, net foreign reserves increased to $61.733 billion, while gross reserves also saw a rise to $66.264 billion. Pakistan's total liquid foreign reserves stood at $15.874 billion, with the State Bank of Pakistan reporting a slight increase of $27 million in its reserves, now totaling $11.25 billion. However, total liquid reserves in Pakistan fell by $52 million due to a decline in commercial bank reserves, amidst concerns over a rising trade deficit and external debt repayments. These foreign reserves are critical for maintaining financial stability and managing international obligations across these nations. Economic indicators suggest varying levels of pressure on reserves, particularly in the context of trade deficits and external liabilities.