The State Bank of Pakistan (SBP) has announced an increase in the country’s foreign exchange reserves, reflecting a positive trend in the financial environment.
The SBP’s own reserves saw a significant increase of $511 million, taking the total to $9.15 billion. Additionally, deposits held by commercial banks increased by $291 million, now totaling $5.31 billion.
This rise in foreign exchange reserves indicates the strengthening of Pakistan’s economic stability, driven by steady growth in both central bank holdings and commercial bank deposits. The increase is seen as a positive development that contributes to greater confidence in the country’s financial management and economic outlook.
