The State Bank of Pakistan (SBP) has reported a significant rise in the country's liquid foreign reserves, reaching $14,573 million as of June 28, 2024.
According to data released on Thursday, the SBP's reserves alone stood at $9,389.5 million, marking a notable increase of $494 million during the week ending June 28, 2024. This surge was attributed to substantial official inflows from multilateral agencies.
Moreover, commercial banks in Pakistan held net foreign reserves amounting to $5,183.5 million as of the same date, further contributing to the country's overall reserve strength.
The increase in foreign reserves underscores Pakistan's ongoing efforts to bolster its economic stability amid global economic fluctuations. The latest figures reflect a positive trend in the country's fiscal management, potentially providing a buffer against external financial pressures.
