Pakistan's total dollar reserves have seen an increase of $57 million, according to the latest figures released by the State Bank of Pakistan (SBP). The country’s total foreign exchange reserves now stand at approximately $14.79 billion.
The increase in reserves includes a rise of $2.7 million in foreign currency held by commercial banks, bringing their total reserves to $5.33 billion. In addition, the State Bank's own reserves have grown by $3 million, reaching $9.467 billion.
This boost in foreign exchange reserves comes as a positive sign for the country's economy, helping to strengthen Pakistan’s external financial position. The rise in reserves is crucial for supporting the country’s economic stability and meeting international financial obligations.
The increase also reflects efforts by the State Bank to manage and bolster the nation’s foreign currency reserves amidst global financial pressures.
