ISLAMABAD: The State Bank of Pakistan (SBP) reported a weekly increase of $167 million in the country’s foreign exchange reserves.
As of June 6, total liquid forex reserves, including net reserves held by banks, reached $16.875 billion.
This figure represents a rise of $277 million compared to the previous week.
Pakistan’s overall foreign reserves are now at their highest level since April 16, 2022, when they stood at $17.04 billion.
SBP’s foreign currency reserves alone were recorded at $11.676 billion on June 6, up from $11.509 billion on May 30.
Meanwhile, net reserves held by commercial banks increased by $111 million, reaching $5.199 billion during the same period.
Strengthening Forex Position
The rise in reserves reflects positive trends in foreign currency inflows and improved economic stability.
This increase provides greater confidence in Pakistan’s ability to manage external financial obligations.
Higher reserves can help stabilize the exchange rate and support import payments.
Outlook for Pakistan’s Economy
The SBP’s growing reserves indicate strengthening economic fundamentals.
Sustained foreign exchange inflows are crucial to support Pakistan’s balance of payments.
Continued improvements in reserves will contribute to overall economic resilience and investor confidence.
