KARACHI: Pakistan’s foreign exchange reserves have reached a 19-month high at $ 14.7 billion, said the spokesperson of State Bank of Pakistan (SBP).
The Central Bank of Pakistan has announced that the Pakistan’s dollar deposits saw an increase of $5.88 million, bringing the total reserves to $14.7035 billion.
The SBP reserves alone have surged by $1.86 billion, reaching $9.4237 billion, which is sufficient to cover two months of imports. This significant boost in reserves marks a positive development for the nation’s economy, providing a buffer against external financial pressures and supporting import needs.
Economists revealed that the improved reserves position reflects the country’s ongoing efforts to stabilize its financial status and manage its foreign exchange resources effectively.
The rise in reserves is a crucial indicator of economic resilience and provides the government with greater flexibility in addressing financial challenges.
Read more: CJP Convenes Judicial Commission Meeting to Appoint Ad-hoc Judges
