Karachi : The State Bank of Pakistan (SBP) has announced that its foreign exchange reserves increased by $34 million during the past week. With this rise, the SBP’s total reserves have reached $14.336 billion.
According to the latest data, Pakistan’s total foreign exchange reserves, including those held by commercial banks, now stand at $19.68 billion. Commercial banks currently hold $5.344 billion in reserves.
Economists view this increase as a positive sign for the country’s economy, suggesting it may contribute to stabilizing the Pakistani rupee. The SBP added that continued growth in remittances and exports could further strengthen the foreign reserves position in the coming weeks.
