SBP's foreign reserves hit 32-month high

The State Bank of Pakistan (SBP) reported on Thursday that its foreign exchange reserves have reached a 32-month high.

According to the latest weekly data released, the SBP's dollar reserves saw an increase of $131 million, bringing the total to $11.419billion. The staggering rise had reflected the robust inflows and improved financial stability.

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Meanwhile, the country's overall foreign exchange reserves grew by $109million over the week to reach $16.076 billion.

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The commercial bank reserves had experienced a decline, dropping by $22 million to $4.658 billion.

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