KARACHI: Foreign exchange reserves of Pakistan have witnessed a significant surge, marking an increase of $23 million, reaching a total of $13.09 billion.
The State Bank of Pakistan’s (SBP) dollar deposits alone have risen to $8.2 billion, reflecting a boost of $10.5 million. Additionally, banks across the country have seen a rise in their dollar deposits by $13.4 million, reaching a total of $5.037 billion.
Experts note that with the central bank’s dollar reserves now equivalent to two months’ worth of income, this influx represents a positive trend in Pakistan’s financial landscape.
The substantial increase in foreign exchange reserves bodes well for the country’s economic stability and potential for growth in the coming months.
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