After a span of 26 months, the State Bank of Pakistan's (SBP) foreign currency reserves have crossed $9.5 billion.
According to the latest data released by SBP, Pakistan’s total dollar reserves saw an increase of $46.6 million, bringing the country’s overall reserves to $14.87 billion.
The central bank's report shows that dollar deposits in commercial banks have risen by $2.26 million, pushing the total to $5.34 billion. Similarly, the State Bank’s own dollar reserves surged by $2.4 million, reaching $9.53 billion.
Economists note that these foreign exchange reserves now cover approximately 65 days of imports, which is seen as a significant improvement in the country's financial stability.
