Karachi (Commerce Desk) The State Bank of Pakistan has released fresh data on the country’s foreign exchange reserves, showing an increase during the latest week.
According to the State Bank of Pakistan, the country’s overall reserves have recorded an increase, reflecting signs of improved financial stability.
The central bank reported that its own reserves rose by $66 million, bringing the total to $17.147 billion. Meanwhile, commercial banks’ reserves declined by $80 million, falling to $5.499 billion.
Overall, Pakistan’s foreign exchange reserves increased by $58 million, taking the total reserves to $22.646 billion.
Economic experts say fluctuations in reserves are normal; however, an overall increase is considered a positive indicator for the country’s financial outlook.